Southwestern Power Administration Fund Establishment Act

Bill 118 s 1324, also known as the Southwestern Power Administration Fund Establishment Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a fund 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 finance the operations and maintenance of the SWPA's power facilities, as well as to support the agency's mission of providing reliable and affordable electricity to customers in the region. The fund will be financed through revenues generated by the sale of power from SWPA facilities, as well as through appropriations from Congress.

Additionally, the bill includes provisions for the oversight and management of the fund, including requirements for annual audits and reports to Congress on the fund's financial status and performance. The bill also includes provisions for the establishment of a board of directors to oversee the fund and ensure its proper management. Overall, the Southwestern Power Administration Fund Establishment Act aims to ensure the continued operation and success of the SWPA in providing electricity to customers in the southwestern United States. It seeks to establish a dedicated fund to support the agency's operations and maintenance, while also providing for proper oversight and management of the fund to ensure its effectiveness and efficiency.