Bill 119 s 1034, also known as the Southwestern Power Administration Fund Establishment Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to create a fund specifically for the Southwestern Power Administration (SWPA), which is a federal agency responsible for managing hydroelectric power in the southwestern United States.
The bill outlines the structure and purpose of the fund, which will be used to support the operations and maintenance of the SWPA's power facilities, as well as to finance any necessary upgrades or improvements. The fund will be financed through revenues generated by the sale of power from SWPA facilities, as well as any other sources of funding deemed appropriate by the Secretary of Energy.
Additionally, the bill includes provisions for the establishment of a board of directors to oversee the fund and ensure that it is being used effectively and efficiently. The board will be composed of representatives from various stakeholder groups, including the SWPA, the Department of Energy, and the states served by the SWPA.
Overall, the Southwestern Power Administration Fund Establishment Act aims to provide the SWPA with the financial resources needed to continue providing reliable and affordable hydroelectric power to the southwestern United States. It is a non-partisan bill that seeks to support the important work of the SWPA in managing the region's power resources.