Bill Details
S.296 - 119th Congress
Status
Latest action
2025-01-29 - Read twice and referred to the Committee on Energy and Natural Resources.
Introduced Date
2025-01-29
Policy Area
Water Resources Development
Committees
View committees (1)
Sponsors
Cosponsors
View cosponsors (1)
8
0
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AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would change how the Arkansas Valley Conduit in Colorado is repaid. In simple terms, it removes interest from part of the repayment, changes who can provide the money used for repayment, and gives a much longer time to pay it back. The goal is to make the project easier to finish and pay for over time.
- Repayment would be made without interest.
- The payment would only include funding provided during construction by someone other than the Secretary of the Interior.
- The repayment period would be stretched out over 100 years.
- It also updates another repayment rule by removing language that added interest and by pointing back to the revised repayment section.
Official Summaries
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.
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 296 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 296
To make certain modifications to the repayment for the Arkansas Valley
Conduit in the State of Colorado.
_______________________________________________________________________
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''.
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