H.R. 131: Finish the Arkansas Valley Conduit Act

The bill known as the "Finish the Arkansas Valley Conduit Act" aims to modify specific financial terms related to the Arkansas Valley Conduit project in Colorado. The key changes it proposes are as follows:

Modifications to Repayment Terms

• Interest-Free Payments: The bill stipulates that repayments for the conduit project should be made without any interest charges.
• Source of Payments: It specifies that the payments must only come from funds provided during the construction phase, sourced from individuals or entities other than the Secretary.
• Longer Repayment Period: The repayments are to be spread over a period of 100 years, allowing for a longer timeframe to pay off any associated costs.

Details on Amended Provisions

The bill amends existing Public Law 87–590, updating several sections specifically relating to the Arkansas Valley Conduit:

• In one section, it replaces the phrase about payment being comprised of revenue with a clarification that only construction funding is applicable.
• It modifies references to interest, ensuring that the financial obligations do not carry interest charges.
• The changes involve updates to how revenue and repayment structures are described, emphasizing the 100-year repayment plan.

Overall, the bill focuses on easing the financial burden associated with the Arkansas Valley Conduit by eliminating interest and extending the repayment period, thereby providing clearer guidelines for funding related to the project.

Relevant Companies

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