Bonneville Unit Clean Hydropower Facilitation Act

To authorize the Secretary of the Interior to facilitate the development of hydroelectric power on the Diamond Fork System of the Central Utah Project. 1. Short title This Act may be cited as the Bonneville Unit Clean Hydropower Facilitation Act 2. Diamond Fork System defined For the purposes of this Act, the term Diamond Fork System 3. Cost allocations Notwithstanding any other provision of law, in order to facilitate hydropower development on the Diamond Fork System, the amount of reimbursable costs allocated to project power in Chapter 6 of the Power Appendix in the October 2004 Supplement to the 1988 Bonneville Unit Definite Plan Report, with regard to power development upstream of the Diamond Fork System, shall be considered final costs as well as costs in excess of the total maximum repayment obligation as defined in section 211 of the Central Utah Project Completion Act of 1992 ( Public Law 102–575 4. No purchase or market obligation; no costs assigned to power Nothing in this Act shall obligate the Western Area Power Administration to purchase or market any of the power produced by the Diamond Fork power plant and none of the costs associated with development of transmission facilities to transmit power from the Diamond Fork power plant shall be assigned to power for the purpose of Colorado River Storage Project ratemaking. 5. Prohibition on tax-exempt financing No facility for the generation or transmission of hydroelectric power on the Diamond Fork System may be financed or refinanced, in whole or in part, with proceeds of any obligation— (1) the interest on which is exempt from the tax imposed under chapter 1 (2) with respect to which credit is allowable under subpart I or J of part IV of subchapter A of chapter 1 of such Code. 6. Reporting requirement If, 24 months after the date of the enactment of this Act, hydropower production on the Diamond Fork System has not commenced, the Secretary of the Interior shall submit a report to the Committee on Natural Resources of the House of Representatives and the Committee on Energy and Natural Resources of the Senate stating this fact, the reasons such production has not yet commenced, and a detailed timeline for future hydropower production. 7. PayGo The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation 8. Limitation on the use of funds The authority under the provisions of section 301 of the Hoover Power Plant Act of 1984 ( Public Law 98–381 42 U.S.C. 16421a April 9, 2013 Reported from the Committee on Natural Resources April 9, 2013 The Committee on the Budget

Summary: Bonneville Unit Clean Hydropower Facilitation Act - Declares that, in order to facilitate hydropower development on the Diamond Fork System (Utah), a certain amount of reimbursable costs allocated to project power in the Power Appendix of the October 2004 Supplement to the 1988 Bonneville Unit Definite Plan Report shall be considered final costs, as well as specified costs in excess of the total maximum repayment obligation, subject to the same terms and conditions. States that: (1) this Act does not obligate the Western Area Power Administration to purchase or market any of the power produced by the Diamond Fork power plant; and (2) none of the costs associated with development of transmission facilities to transmit power from the Diamond Fork power plant shall be assigned to power for the purpose of Colorado River Storage Project ratemaking. Prohibits any hydroelectric power generation or transmission facility on the Diamond Fork System from being financed or refinanced with any obligation: (1) whose interest enjoys federal tax-exempt status; or (2) which enjoys certain federal tax credits. Directs the Secretary of the Interior to report to certain congressional committees if hydropower production on the Diamond Fork System has not commenced 24 months after enactment of this Act, stating the reasons such production has not commenced, and presenting a detailed timeline for future hydropower production. Prohibits the use of Western Area Power Administration borrowing authority under the Hoover Power Plant Act of 1984 to fund any study or construction of transmission facilities developed as a result of this Act.