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Creates a dedicated Treasury account for the Southwestern Power Administration and defines key terms for administering it. The law lets the Administrator (under the Secretary of Energy) deposit specified receipts into the Fund, use Fund balances to pay power-related costs and obligations (including obligating funds before annual appropriations), and requires any excess Fund balance each year to be transferred to the Treasury.
The measure also makes the Administrator subject to certain Title 31 (Treasury and financial management) rules and updates prior appropriations language to conform with the new Fund structure.
Read twice and referred to the Committee on Energy and Natural Resources.
Introduced March 13, 2025 by Jerry Moran · Last progress 11 months ago