Bill > HR2432

This bill establishes the Southwestern Power Administration (SPA) Fund in the U.S. Treasury, which will consolidate and manage various existing funding sources for the SPA, a federal agency responsible for marketing and transmitting electric power from hydroelectric dams in the southwestern United States. The fund will consist of all SPA receipts, collections, recoveries, appropriations, transferred balances from previous accounts, and specific deposited amounts. The Secretary of Energy, acting through the SPA Administrator, can use the fund for expenses related to power transmission facilities, marketing electric power, constructing transmission infrastructure, and administrative duties associated with certain energy and flood control acts. The bill allows the Administrator to incur obligations in advance of appropriations, requires annual transfer of excess funds to the U.S. Treasury, and applies government corporation financial management rules to the fund. The legislation also makes technical amendments to existing appropriations laws, repealing certain provisos and updating language to reference the new fund. These changes aim to streamline the SPA's financial operations and provide more transparent and flexible funding mechanisms for the agency's power marketing activities.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/2432/all-info