A bill to modify certain cost-sharing and revenue provisions relating to the Arkansas Valley Conduit, Colorado.

Summary

This bill revises cost-sharing under the contract for construction of the Arkansas Valley Conduit, Colorado, to require that payment be made in an amount equal to 35% of the funds appropriated for (currently, 35% of the cost of) the Conduit that is comprised of revenue generated by payments pursuant to a repayment contract, and of revenue that may be derived from contracts for the use of Fryingpan-Arkansas project excess capacity or exchange contracts using project facilities. The bill requires that any revenue that may be derived from contracts for the use of project excess capacity or exchange contracts using project facilities be credited towards payment of the actual cost of the Ruedi Dam and Reservoir, the Fountain Valley Pipeline, and the South Outlet Works at Pueblo Dam and Reservoir until those costs, plus interest, have been fully repaid (currently, until the date the payments for the Conduit begin). All such revenue shall be available to the Department of the Interior: for the payment of costs associated with the construction of the Conduit; for the payment to the Southeastern Colorado Water Conservancy District of amounts needed for the District to repay the principal and interest on loans obtained from agencies of Colorado for construction of the Conduit; and to be credited towards repayment of the funds appropriated for (currently, towards payment of the actual costs of) the Conduit, plus interest. Interior shall enter into one or more agreements with the District that specify the distribution of such revenue for such uses.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 15 September 2016

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• Reported to Senate (PDF)

  Reported to Senate · EN · 15 September 2016

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• Reported to Senate without amendment

  summary · EN · 15 September 2016

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• Introduced in Senate (text)

  Introduced in Senate · EN · 2 March 2016

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 March 2016

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• Introduced in Senate

  summary · EN · 2 March 2016

  Open at official source

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