Sec. 2. Use of underutilized Strategic Petroleum Reserve facilities
368 words·~2 min read·
/bill/115/hr/6511/eh/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 168 of the Energy Policy and Conservation Act ( 42 U.S.C. 6247a ) is amended to read as follows: Notwithstanding any other provision of this title, the Secretary may establish and carry out a program to lease underutilized Strategic Petroleum Reserve storage facilities and related facilities to the private sector, or a foreign government or its representative. Petroleum products stored under this section are not part of the Strategic Petroleum Reserve. Any lease entered into under the program established under subsection
(a)shall contain provisions providing for fees to fully compensate the United States for all related costs of storage and removals of petroleum products (including the proportionate cost of replacement facilities necessitated as a result of any withdrawals) incurred by the United States as a result of such lease. The Secretary shall ensure that leasing of facilities under the program established under subsection
(a)does not impair the ability of the United States to withdraw, distribute, or sell petroleum products from the Strategic Petroleum Reserve in response to an energy emergency or to the obligations of the United States under the Agreement on an International Energy Program. The Secretary shall ensure that leasing of facilities under the program established under subsection
(a)to a foreign government or its representative will not impair national security. Except as provided in paragraph (2), amounts received through the leasing of facilities under the program established under subsection
(a)shall be deposited in the general fund of the Treasury during the fiscal year in which such amounts are received. The Secretary may use for costs described in subsection
(b)(other than costs described in subsection (f)), without further appropriation, amounts received through the leasing of facilities under the program established under subsection (a). The Secretary shall only use amounts available in the Energy Security and Infrastructure Modernization Fund established by section 404 of the Bipartisan Budget Act of 2015 for costs described in subsection
(b)of this section that relate to addition of facilities or changes to facilities or facility operations necessary to lease such facilities, including costs related to acquisition of land, acquisition of ancillary facilities and equipment, and site development, and other necessary costs related to capital improvement. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 2
Use of underutilized Strategic Petroleum Reserve facilities
Cites 1Cited by 0 across 0 sources