U.S. Code > Title 47 Telegraphs, Telephones, and Radiotelegraphs > CHAPTER 8—NATIONAL TELECOMMUNICATIONS AND INFORMATION ADMINISTRATION (§§ 901—942) > SUBCHAPTER II—TRANSFER OF AUCTIONABLE FREQUENCIES (§§ 921—928) > § 928. Spectrum Relocation Fund

§ 928. Spectrum Relocation Fund

(a) Establishment of Spectrum Relocation Fund
There is established on the books of the Treasury a separate fund to be known as the “Spectrum Relocation Fund” (in this section referred to as the “Fund”), which shall be administered by the Office of Management and Budget (in this section referred to as “OMB”), in consultation with the NTIA.
(b) Crediting of receipts
The Fund shall be credited with the amounts specified in section 309 (j)(8)(D) of this title.
(c) Used to pay relocation costs
The amounts in the Fund from auctions of eligible frequencies are authorized to be used to pay relocation costs, as defined in section 923 (g)(3) of this title, of an eligible Federal entity incurring such costs with respect to relocation from those frequencies.
(d) Fund availability
(1) Appropriation
There are hereby appropriated from the Fund such sums as are required to pay the relocation costs specified in subsection (c) of this section.
(2) Transfer conditions
None of the funds provided under this subsection may be transferred to any eligible Federal entity—
(A) unless the Director of OMB has determined, in consultation with the NTIA, the appropriateness of such costs and the timeline for relocation; and
(B) until 30 days after the Director of OMB has submitted to the Committees on Appropriations and Energy and Commerce of the House of Representatives for approval, to the Committees on Appropriations and Commerce, Science, and Transportation of the Senate for approval, and to the Comptroller General a detailed plan describing specifically how the sums transferred from the Fund will be used to pay relocation costs in accordance with such subsection and the timeline for such relocation.
Unless disapproved within 30 days, the amounts in the Fund shall be available immediately. If the plan is disapproved, the Director may resubmit a revised plan.
(3) Reversion of unused funds
Any auction proceeds in the Fund that are remaining after the payment of the relocation costs that are payable from the Fund shall revert to and be deposited in the general fund of the Treasury not later than 8 years after the date of the deposit of such proceeds to the Fund.
(e) Transfer to eligible Federal entities
(1) Transfer
(A) Amounts made available pursuant to subsection (d) of this section shall be transferred to eligible Federal entities, as defined in section 923 (g)(1) of this title.
(B) An eligible Federal entity may receive more than one such transfer, but if the sum of the subsequent transfer or transfers exceeds 10 percent of the original transfer—
(i) such subsequent transfers are subject to prior approval by the Director of OMB as required by subsection (d)(2)(A) of this section;
(ii) the notice to the committees containing the plan required by subsection (d)(2)(B) of this section shall be not less than 45 days prior to the date of the transfer that causes such excess above 10 percent; and
(iii) such notice shall include, in addition to such plan, an explanation of need for such subsequent transfer or transfers.
(C) Such transferred amounts shall be credited to the appropriations account of the eligible Federal entity which has incurred, or will incur, such costs, and shall, subject to paragraph (2), remain available until expended.
(2) Retransfer to fund
An eligible Federal entity that has received such amounts shall report its expenditures to OMB and shall transfer any amounts in excess of actual relocation costs back to the Fund immediately after the NTIA has notified the Commission that the entity’s relocation is complete, or has determined that such entity has unreasonably failed to complete such relocation in accordance with the timeline required by subsection (d)(2)(A) of this section.