Jason Chaffetz

“ 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. ”

“ 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 of the Internal Revenue Code of 1986, or (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. Sec. 6. ”

“ 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. ”