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Finish the Arkansas Valley Conduit Act
To make certain modifications to the repayment for the Arkansas Valley Conduit in the State of Colorado.
Summary
This bill modifies the repayment terms for the Arkansas Valley Conduit water project in Colorado under an existing 1961 law. It eliminates the interest requirement for repayment, allows only non-federal funding sources to count toward repayment obligations, and extends the repayment period to 100 years instead of the current terms. The changes reduce the financial burden on the project by removing interest charges and spreading repayment costs over a longer timeframe.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- Jan 29, 2025 Read twice and referred to the Committee on Energy and Natural Resources. · senate
- Jan 29, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
January 29, 2025
Mr. Bennet (for himself and Mr. Hickenlooper) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources
A BILL
To make certain modifications to the repayment for the Arkansas Valley Conduit in the State of Colorado.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Finish the Arkansas Valley Conduit Act”.
SEC. 2. ARKANSAS VALLEY CONDUIT, COLORADO.
Public Law 87-590 (76 Stat. 389) is amended—
(1) in subsection (c) of the first section (76 Stat. 390; 123 Stat. 1320), in the second sentence—
(A) by inserting “, without interest,” before “in an amount”;
(B) by striking “that is comprised of revenue generated by payments” and inserting “, which payment shall only consist of funding provided during construction from any person other than the Secretary”;
(C) by inserting “of” before “revenue that”; and
(D) by inserting “over a period of 100 years” after “project facilities”; and
(2) in section 2(b)(3)(A) (76 Stat. 390; 123 Stat. 1321)—
(A) by striking “plus interest”; and
(B) by striking “this section” and inserting “subsection (c) of the first section”. <all>
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