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42 U.S.C. § 6247b — SPR Petroleum Account

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 6247b — SPR Petroleum Account

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Source location: Title 42, Chapter 77, § 6247b; chapter-077-energy-conservation.md

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**(a) Establishment** The Secretary of the Treasury shall establish in the Treasury of the United States an account to be known as the “SPR Petroleum Account” (hereinafter in this section referred to as the “Account”). **(b) Obligation of funds for acquisition, transportation, and injection of petroleum products into SPR** Amounts in the Account may be obligated by the Secretary of Energy for the acquisition, transportation, and injection of petroleum products into the Strategic Petroleum Reserve, for test sales of petroleum products from the Reserve, and for the drawdown, sale, and delivery of petroleum products from the Reserve— (1) Repealed. Pub. L. 106–469, title I, § 103(19)(A)(ii), Nov. 9, 2000, 114 Stat. 2033; (2) in the case of any fiscal year, subject to [section 7270 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section7270&num=0&edition=prelim), in such aggregate amounts as may be appropriated in advance in appropriation Acts; and (3) in the case of any fiscal year, notwithstanding [section 7270 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section7270&num=0&edition=prelim), in an aggregate amount equal to the aggregate amount of the receipts to the United States from the sale of petroleum products in any drawdown and distribution of the Strategic Petroleum Reserve under [section 6241 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section6241&num=0&edition=prelim), including a drawdown and distribution carried out under subsection (g) of such section, or from the sale of petroleum products under [section 6240(f) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section6240/f&num=0&edition=prelim). Funds available to the Secretary of Energy for obligation under this subsection may remain available without fiscal year limitation. **(c) Provision and deposit of funds** The Secretary of the Treasury shall provide and deposit into the Account such sums as may be necessary to meet obligations of the Secretary of Energy under subsection (b). **(d) Off-budgeting procedures** The Account, the deposits and withdrawals from the Account, and the transactions, receipts, obligations, outlays associated with such deposits and withdrawals (including petroleum product purchases and related transactions), and receipts to the United States from the sale of petroleum products in any drawdown and distribution of the Strategic Petroleum Reserve under [section 6241 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section6241&num=0&edition=prelim), including a drawdown and distribution carried out under subsection (g) of such section, and from the sale of petroleum products under [section 6240(f) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section6240/f&num=0&edition=prelim)— (1) shall not be included in the totals of the budget of the United States Government and shall be exempt from any general limitation imposed by statute on expenditures and net lending (budget outlays) of the United States; and (2) shall not be deemed to be budget authority, spending authority, budget outlays, or Federal revenues for purposes of title III of Public Law 93–344, as amended [[2 U.S.C. 631](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section631&num=0&edition=prelim) et seq.].

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 631 — Congressional declaration of purpose

The Congress declares that it is essential— (1) to assure effective congressional control over the budgetary process; (2) to provide for the congressional determination each year of the appropriate level of Federal revenues and expenditures; (3) to provide a system of impoundment control; (4) to establish national budget priorities; and (5) to provide for the furnishing of information by the executive branch in a manner that will assist the Congress in discharging its duties.

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 6241 — Development, operation, and maintenance of the Reserve

**(a) to (e) Repealed. Pub. L. 106–469, title I, § 103(13)(A), Nov. 9, 2000, 114 Stat. 2030** **(f) Powers of Secretary to develop and operate the Strategic Petroleum Reserve** In order to develop, operate, or maintain the Strategic Petroleum Reserve, the Secretary may— (1) issue rules, regulations, or orders; (2) acquire by purchase, condemnation, or otherwise, land or interests in land for the location of storage and related facilities; (3) construct, purchase, lease, or otherwise acquire storage and related facilities; (4) use, lease, maintain, sell or otherwise dispose of land or interests in land, or of storage and related facilities acquired under this part, under such terms and conditions as the Secretary considers necessary or appropriate; (5) acquire, subject to the provisions of [section 6240 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section6240&num=0&edition=prelim), by purchase, exchange, or otherwise, petroleum products for storage in the Strategic Petroleum Reserve; (6) store petroleum products in storage facilities owned and controlled by the United States or in storage facilities owned by others if those facilities are subject to audit by the United States; (7) execute any contracts necessary to develop, operate, or maintain the Strategic Petroleum Reserve; (8) bring an action, when the Secretary considers it necessary, in any court having jurisdiction over the proceedings, to acquire by condemnation any real or personal property, including facilities, temporary use of facilities, or other interests in land, together with any personal property located on or used with the land. **(g) Acquisition of property by negotiation as prerequisite to condemnation** Before any condemnation proceedings are institute

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 621 — Treatment of deposit insurance and agencies and other insurance programs

**(a) In general** This subchapter shall not apply to the credit or insurance activities of the Federal Deposit Insurance Corporation, National Credit Union Administration, Resolution Trust Corporation, Pension Benefit Guaranty Corporation, National Flood Insurance, National Insurance Development Fund, Crop Insurance, or Tennessee Valley Authority. **(b) Study** The Director and the Director of the Congressional Budget Office shall each study whether the accounting for Federal deposit insurance programs should be on a cash basis on the same basis as loan guarantees, or on a different basis. Each Director shall report findings and recommendations to the President and the Congress on or before May 31, 1991. **(c) Access to data** For the purposes of subsection (b), the Office of Management and Budget and the Congressional Budget Office shall have access to all agency data that may facilitate these studies.

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 6240 — Repealed. Pub. L. 106–469, title I, § 103(8)–(11), Nov. 9, 2000, 114 Stat. 2030

### Statutory Notes Section 6235, Pub. L. 94–163, title I, § 155, Dec. 22, 1975, 89 Stat. 884; Pub. L. 95–619, title VI, § 691(b)(2), Nov. 9, 1978, 92 Stat. 3288, related to the Early Storage Reserve. Section 6236, Pub. L. 94–163, title I, § 156, Dec. 22, 1975, 89 Stat. 885; Pub. L. 95–619, title VI, § 691(b)(2), Nov. 9, 1978, 92 Stat. 3288, related to the Industrial Petroleum Reserve. Section 6237, Pub. L. 94–163, title I, § 157, Dec. 22, 1975, 89 Stat. 885; Pub. L. 95–619, title VI, § 691(b)(2), Nov. 9, 1978, 92 Stat. 3288; Pub. L. 102–486, title XIV, § 1405, Oct. 24, 1992, 106 Stat. 2995, related to the Regional Petroleum Reserve. Section 6238, Pub. L. 94–163, title I, § 158, Dec. 22, 1975, 89 Stat. 886; Pub. L. 95–619, title VI, § 691(b)(2), Nov. 9, 1978, 92 Stat. 3288, related to a report on the establishment of Utility Reserves, Coal Reserves, Remote Crude Oil and Natural Gas Reserves.

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 7270 — Funding for Department of Energy activities not included in Fossil Energy account

In this Act and future Acts, up to 4 percent of program direction funds available to the National Energy Technology Laboratory may be used to support Department of Energy activities not included in this Fossil Energy account: Provided further, That in this Act and future Acts, the salaries for Federal employees performing research and development activities at the National Energy Technology Laboratory can continue to be funded from any appropriate DOE program accounts.

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 631 — Timetable

Page 176 TITLE 2—THE CONGRESS § 623 provisions set out as notes under sections 190a–1, 621, 632, and 682 of this title, section 105 of Title 1, and sec- tion 1020 of former Title 31. For complete classification of this Act to the Code, see Short Title note set out under section 621 of this title and Tables. CODIFICATION Section was formerly classified to section 1302 of Title 31 prior to the general revision and enactment of Title 31, Money and Finance, by Pub. L. 97–258, § 1, Sept. 13, 1982, 96 Stat. 877. AMENDMENTS 2011—Par. (11). Pub. L. 112–25 added par. (11). 1997—Par. (9). Pub. L. 105–33 amended par. (9) gen- erally. Prior to amendment, par. (9) read as follows: ‘‘The term ‘entitlement authority’ means spending au- thority described by section 651(c)(2)(C) of this title.’’ 1990—Par. (2). Pub. L. 101–508, § 13211(a), amended par. (2) generally. Prior to amendment, par. (2) read as fol- lows: ‘‘The term ‘budget authority’ means authority provided by law to enter into obligations which will re- sult in immediate or future outlays involving Govern- ment funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chap- ter’’. Pub. L. 101–508, § 13201(b)(1), inserted at end: ‘‘The term includes the cost for direct loan and loan guar- antee programs, as those terms are defined by sub- chapter III of this chapter’’. Pars. (6) to (8). Pub. L. 101–508, § 13112(a)(2), added pars. (6) to (8) and struck out former par. (6) which de- fined ‘‘deficit’’ and contained provisions relating to cal- culation of the

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 6247b — Purchase of oil from marginal wells

Page 6679 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 6249 1 So in original. Probably should be ‘‘products’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective Aug. 13, 1981, see section 1038 of Pub. L. 97–35, set out as an Effective Date of 1981 Amend- ment note under section 6240 of this title. TRANSFER OF FUNDS TO SPR PETROLEUM ACCOUNT FOR DRAWDOWN AND SALE OPERATIONS Pub. L. 106–113, div. B, § 1000(a)(3) [title II], Nov. 29, 1999, 113 Stat. 1535, 1501A–180, provided in part: ‘‘That the Secretary of Energy hereafter may transfer to the SPR Petroleum Account such funds as may be nec- essary to carry out drawdown and sale operations of the Strategic Petroleum Reserve initiated under sec- tion 161 of the Energy Policy and Conservation Act (42 U.S.C. 6241) from any funds available to the Depart- ment of Energy under this or any other Act: Provided further, That all funds transferred pursuant to this au- thority must be replenished as promptly as possible from oil sale receipts pursuant to the drawdown and sale.’’ ACQUISITION, TRANSPORTATION, AND INJECTION OF PE- TROLEUM PRODUCTS FOR SPR; APPLICABILITY OF SUBSEC. (d) Pub. L. 97–35, title X, § 1034(c), Aug. 13, 1981, 95 Stat. 620, provided that: ‘‘The provisions of section 167(d) of such Act, as added by subsection (a) of this section [subsec. (d) of this section], shall apply with respect to the outlays associated with unexpended balances of ap- propriations made available and obligated as of the end of fiscal year 1981 for the acquisition, transportation, and injection of petroleum products for the Strategic Petroleum Reserve to the same extent and manner as such provisions apply with respect to withdrawals from the SPR Petroleum Account.’’ § 6247a. Use of underutilized faci

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