The bill would establish a Treasury fund managed by the Secretary of Energy to make payments to local governments and Indian Tribes hosting qualifying transmission projects. The fund would receive a portion of annual interest collected on covered loans; host communities could use up to 80 percent for specified community support and would have to use at least 20 percent for conservation, stewardship, or recreation, with payments generally due no later than 18 months after project construction begins.

FactVote-generated overview; it is not an official CRS summary.