Western Area Power Marketing Revolving Fund Act of 1980

Summary

Federal Power Marketing Revolving Fund Act of 1979 - Directs the Administrators of specified power administrations to construct or otherwise acquire transmission facilities in order to: (1) integrate and transmit the electric power from existing or additional generating units; (2) provide customer service; (3) provide interregional transmission facilities; and (4) maintain electrical stability and reliability. Limits the Administrators' authority to make such acquisitions. Authorizes the Administrators to become members of electrical cooperatives and other institutions determined necessary to carry out this Act. Authorizes the establishment of the following separate funds in the U.S. Treasury: (1) Alaska Power Administration Fund; (2) Southeastern Power Administration Fund; (3) Southwestern Power Administration Fund; and (4) Western Area Power Administration Fund. Includes in such Funds: (1) receipts from power marketing activities; (2) moneys borrowed from the U.S. Treasury; (3) congressional appropriations; and (4) unexpended balances of funds appropriated or otherwise made available. Authorizes the appropriate Administration to make expenditures from such Funds as necessary for each power administration's programs. Limits the use of appropriated and trust funds. Requires the Secretary to keep the official record of each power administration's operations, receipts, and expenditures. Directs the Administrator of the Western Area Power Administration to maintain separate accounts for specified individual projects of such Power Administration. Establishes specific restrictions on the Western Fund. Authorizes each Administrator to: (1) invest moneys in nonmarketable obligations of the United States; and (2) borrow from the Secretary amounts in behalf of the power administrations. Directs the Administrators to give notice of requests for construction of major transmission facilities to affected States and contractual entities. Sets forth general provisions of employment in connection with electrical facilities.

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Documents

3 official files

• Passed Senate amended

  summary · EN · 5 December 1980

  Open at official source

• Reported to Senate with amendment(s)

  summary · EN · 19 September 1980

  Open at official source

• Introduced in Senate

  summary · EN · 27 June 1979

  Open at official source

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