Basin Fund Preservation Act

S 887, the Basin Fund Preservation Act, requires the Interior and Energy Secretaries to create a memorandum of understanding (MOU) with the Glen Canyon Dam Work Group. This MOU must address how a 2024 decision about Glen Canyon Dam operations affects the Upper Colorado River Basin Fund, including impacts on infrastructure maintenance, hydropower production costs, and endangered species protections. The bill mandates the MOU include specific plans to manage these effects using existing hydropower contract data. It directly affects federal agencies managing the Fund and Glen Canyon Dam operations, without altering current laws or creating new obligations.