The bill amends Public Law 87–590 to adjust repayment terms for the Arkansas Valley Conduit project in Colorado, allowing for payments over 75 years with reduced interest.
It aims to provide domestic water supplies to communities and households in need and requires contracting parties to assume care, operation, maintenance, and replacement of the conduit.
The amendment removes the requirement for 35% payment of the conduit's cost under certain conditions and modifies the source of revenue for repayment.
The bill has a specific focus on addressing the water supply needs of underserved communities and households.
Finish the Arkansas Valley Conduit Act
This bill reduces payments that communities within the Arkansas River Valley must pay to the Bureau of Reclamation for the construction of the Arkansas Valley Conduit, a pipeline in Colorado for delivering water from the Pueblo Reservoir to such communities. Specifically, it removes interest payments and extends the repayment period to 100 years.
