US HB2432

Establishes the Southwestern Power Administration Fund in the U.S. Treasury to consolidate all receipts, collections, and recoveries of the Southwestern Power Administration, including trust funds and appropriations

Transfers unexpended balances from three existing funds into the new consolidated Fund: the continuing fund (established 1949), the advanced payment fund (established 2005), and the offsetting collections fund (established 2010)

Authorizes use of Fund amounts for operation and maintenance of power transmission facilities, marketing electric power, construction and acquisition of transmission infrastructure, and administrative expenses

Allows the Secretary of Energy to incur obligations in advance of appropriations to be liquidated by the Fund, with excess amounts transferred annually to the Treasury as miscellaneous receipts

Applies federal government corporation financial management provisions (31 U.S.C. Chapter 91) to the Administrator and repeals outdated appropriations act provisions superseded by the new Fund structure