Sec. 13. Immediate transfer of funds
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Section 118(e)(1) of the National Telecommunications and Information Administration Organization Act ( 47 U.S.C. 928(e)(1) ) is amended by adding at the end the following: At the request of an eligible Federal entity, the Director of the Office of Management and Budget (in this subsection referred to as OMB ) may transfer the amount under subparagraph
(A)immediately— after the frequencies are reallocated by competitive bidding under section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ); or in the case of an incumbent Federal entity that is incurring relocation or sharing costs to accommodate sharing spectrum frequencies with another Federal entity, after the frequencies from which the other eligible Federal entity is relocating are reallocated by competitive bidding under section 309(j) of the Communications Act of 1934 ( 47 U.S.C. 309(j) ), without regard to the availability of such sums in the Fund. Prior to the deposit of proceeds into the Fund from an auction, the Director of OMB may borrow from the Treasury the amount under subparagraph
(A)for a transfer under subparagraph (D). The Treasury shall immediately be reimbursed, without interest, from funds deposited into the Fund. .
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