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42 U.S. Code § 16421a. Western Area Power Administration borrowing authority
(a) DefinitionsIn this section:
(1) Administrator
The term “Administrator” means the Administrator of the Western Area Power Administration.
(2) Secretary
The term “Secretary” means the Secretary of the Treasury.
(b) Authority
(1) In generalNotwithstanding any other provision of law, subject to paragraphs (2) through (5)—
(A)
the Western Area Power Administration may borrow funds from the Treasury; and
(B) the Secretary shall, without further appropriation and without fiscal year limitation, loan to the Western Area Power Administration, on such terms as may be fixed by the Administrator and the Secretary, such sums (not to exceed, in the aggregate (including deferred interest), $3,250,000,000 in outstanding repayable balances at any one time) as, in the judgment of the Administrator, are from time to time required for the purpose of—
(i)
constructing, financing, facilitating, planning, operating, maintaining, or studying construction of new or upgraded electric power transmission lines and related facilities with at least one terminus within the area served by the Western Area Power Administration; and
(ii)
delivering or facilitating the delivery of power generated by renewable energy resources constructed or reasonably expected to be constructed after February 17, 2009.