Finish the Arkansas Valley Conduit Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill modifies the repayment terms for the Arkansas Valley Conduit in Colorado. It eliminates interest payments on the debt and extends the repayment period to 100 years. The bill changes how payments are structured, requiring funding to come from sources other than the Bureau of Reclamation. This aims to reduce the financial burden on communities within the Arkansas River Valley.
Key provisions
- Eliminates interest payments on the Arkansas Valley Conduit debt.
- Extends the repayment period to 100 years.
- Requires payments to be funded by sources other than the Secretary of the Interior.
- Modifies the calculation of payments to exclude revenue generated from previous payments.
Who is affected
- Communities in the Arkansas River Valley, Colorado
- The Bureau of Reclamation
- Colorado
Notable changes
- Changes the source of funding for the conduit repayment.
- Extends the repayment timeline significantly.
Fiscal impact
The bill is expected to reduce ongoing payments to the Bureau of Reclamation by eliminating interest and extending the repayment period.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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