Finish the Arkansas Valley Conduit Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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 changes aim to reduce the financial burden on communities within the Arkansas River Valley that were required to pay for the conduit’s construction. Specifically, the bill clarifies that repayment should only come from non-government sources.
Key provisions
- Eliminates interest payments on the Arkansas Valley Conduit debt.
- Extends the repayment period to 100 years.
- Specifies that repayment must come from sources other than the Secretary of the Interior.
- Clarifies the composition of payments for the conduit.
Who is affected
- Communities in the Arkansas River Valley, Colorado
- The Bureau of Reclamation
- Colorado
Notable changes
- Changes the repayment structure from including interest to excluding it.
- Lengthens 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
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2 on record
Primary sponsor
Cosponsor
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