Negative Emissions Activities Fund

(a) Establishment There is established in the Treasury of the United States a fund, to be known as the Negative Emissions Activities Fund, consisting of— (1) such amounts as are deposited in the fund under sections 722(i) and 752 of the Clean Air Act; and (2) such additional amounts as may be appropriated to supplement the fund. (b) Expenditures from fund (1) In general Amounts deposited in the fund pursuant to subsection (a) shall be available to the Administrator of the Environmental Protection Agency without subsequent appropriation and shall remain available without fiscal year limitation until expended. (2) Administrative expenses The Administrator of the Environmental Protection Agency may use not more than 5 percent of the amount available in the Negative Emissions Activities Fund on October 1 of each fiscal year to cover the administrative expenses of carrying out part D of title VII of the Clean Air Act for that fiscal year.