Pub. L. 115-56, div. D, sec. 158 (as amended)

Pub. L. 115-56, div. D, sec. 158 (as amended)

Year: 2024Length: 130 wordsOfficial source
SEC. 158. As authorized by section 404 of the Bipartisan Budget Act of 2015 (Public Law 114โ€“74; 42 U.S.C. 6239 note), the Secretary of Energy shall draw down and sell not to exceed $350,000,000 of crude oil from the Strategic Petroleum Reserve in fiscal year 2018: Provided, That the proceeds from such drawdown and sale shall be deposited into the โ€œEnergy Security and Infrastructure Modernization Fundโ€ (in this section referred to as the โ€œFundโ€) during fiscal year 2018: Provided further, That in addition to amounts otherwise made available by section 101, any amounts deposited in the Fund shall be made available and shall remain available until expended at a rate for operations of $350,000,000, for necessary expenses in carrying out the Life Extension II project for the Strategic Petroleum Reserve.
Public laws referenced
114-74
Pub. L. 115-56, div. D, sec. 158 (as amended) | Justis AI