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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 131 Enrolled Bill (ENR)]
H.R.131
One Hundred Nineteenth Congress
of the
United States of America
AT THE FIRST SESSION
Begun and held at the City of Washington on Friday,
the third day of January, two thousand and twenty-five
An Act
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; 123 Stat. 1320) is amended--
(1) in the first section--
(A) in subsection (c), in the second sentence, by striking
``or in the case of the Arkansas Valley Conduit, payment in an
amount equal to 35 percent of the cost of the conduit that is
comprised of revenue generated by payments pursuant to a
repayment contract and revenue that may be derived from
contracts for the use of Fryingpan-Arkansas project excess
capacity or exchange contracts using Fryingpan-Arkansas project
facilities,''; and
(B) by adding at the end the following:
``(d) Arkansas Valley Conduit.--
``(1) Repayment contract.--To provide domestic water supplies
to communities and households that do not have reliable access to
domestic water supplies, the contract for the Arkansas Valley
Conduit shall provide for payment in an amount equal to 35 percent
of the cost of the conduit, notwithstanding the reclamation laws or
any other provision of this Act. The contract payments shall
consist of--
``(A) funding provided during construction from any entity
other than the Secretary; and
``(B) based on a demonstration of financial hardship, as
determined by the Secretary, repayment of the balance not
covered under subparagraph (A) for a period of not more than 75
years with simple interest at a rate that is equal to 50
percent of the interest rate determined by the Secretary of the
Treasury under section 2(c), including revenue derived from
contracts for the use of excess capacity or exchange contracts
using Fryingpan-Arkansas project facilities.
``(2) Operations and maintenance.--The contract for the
Arkansas Valley Conduit shall provide for the assumption by the
contracting parties of the care, operation, maintenance, and
replacement of the conduit.''; and
(2) in section 2(b)(3)(A), by striking ``this section'' and
inserting ``subsection (d) of the first section''.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.