Sponsors (4)
The bill directs a targeted $5.12 million payment to a Development Fund and clarifies administrative authority to receive it, enabling specific state/local projects while modestly increasing federal spending and limiting budgetary flexibility.
State and local governments receive $5,124,902.12 deposited into a Development Fund so projects or programs financed through that account can proceed or be completed.
Federal employees and agencies gain clearer administrative authority because the bill directs the payment to the Secretary for deposit, simplifying receipt and management of the funds.
Taxpayers face a modest increase in federal spending — a $5.12 million appropriation — which could add to the deficit if not offset.
Federal agencies and budget-makers have reduced flexibility because the payment is a narrowly directed one-time deposit to a specific fund rather than a general appropriation usable for other priorities.
Based on analysis of 2 sections of legislative text.
Authorizes a $5,124,902.12 adjusted interest payment to be appropriated to the Secretary for deposit into the Development Fund for the Duck Valley water-rights settlement.
Introduced February 12, 2025 by Catherine Marie Cortez Masto · Last progress December 15, 2025
Authorizes a one-time adjusted interest payment of $5,124,902.12 to be appropriated to the Secretary of the Interior for deposit into the Development Fund established under the Duck Valley Reservation water-rights settlement. It also provides a short title for the act but makes no other policy or deadline changes. This is a technical correction that amends prior law to add the adjusted interest payment authorization; it does not itself appropriate funds but authorizes that amount to be appropriated for the specified purpose.