§ 825s-2. — Southeastern area sale and transmission of electric power; disposition of receipts; creation of continuing fund; use of fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC825s-2]
TITLE 16--CONSERVATION
CHAPTER 12--FEDERAL REGULATION AND DEVELOPMENT OF POWER
SUBCHAPTER III--LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND
ADMINISTRATIVE PROVISIONS
Sec. 825s-2. Southeastern area sale and transmission of electric
power; disposition of receipts; creation of continuing funds;
use of fund
All receipts from the transmission and sale of electric power and
energy under the provisions of section 825s of this title, generated or
purchased in the southeastern power area, shall be covered into the
Treasury of the United States as miscellaneous receipts, except that the
Treasury shall set up and maintain from such receipts a continuing fund
of $50,000, and said fund shall be placed to the credit of the
Secretary, and shall be subject to check by him to defray emergency
expenses necessary to insure continuity of electric service and
continuous operation of Government facilities in said area.
(Aug. 31, 1951, ch. 375, title I, Sec. 101, 65 Stat. 249.)
Codification
Section was not enacted as part of the Federal Power Act which
generally comprises this chapter.
