Bill Summary
This bill, titled "Finish the Arkansas Valley Conduit Act," aims to make changes to the repayment terms for the Arkansas Valley Conduit project in Colorado. The bill proposes to amend Public Law 87-590, which outlines the funding and repayment for the project. The amendments include specifying that the repayment will not include interest and will only consist of funding received during the construction phase from sources other than the Secretary. Additionally, the bill extends the repayment period to 100 years. The second amendment removes the requirement for interest to be included in the repayment, and instead specifies that it is in reference to the subsection (c) of the first section.
Possible Impacts
1. The modification to repayment for the Arkansas Valley Conduit could affect people who use the conduit for their water supply. The changes to the repayment terms could potentially result in increased costs for users, or a decrease in funds available for maintaining the conduit.
2. The amendment to Public Law 87-590 could impact people who live in the State of Colorado, particularly those in the Arkansas Valley. The changes to the law could potentially affect the funding and construction of the conduit, which could have implications for the local community.
3. The 100-year repayment period outlined in Section 1 could affect future generations of people, as they may still be paying off the conduit even after its construction is completed. This could have a financial impact on individuals and families for years to come.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 131 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 131
To make certain modifications to the repayment for the Arkansas Valley
Conduit in the State of Colorado.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Ms. Boebert introduced the following bill; which was referred to the
Committee on 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''.
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