II 

Calendar No. 643 

118TH CONGRESS 

2D SESSION S. 5013 

To make certain modifications to the repayment for the Arkansas Valley 

Conduit in the State of Colorado. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 10, 2024 

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 

NOVEMBER 21, 2024 

Reported by Mr. MANCHIN, with an amendment 

[Strike out all after the enacting clause and insert the part printed in italic] 

A BILL 

To make certain modifications to the repayment for the 

Arkansas Valley Conduit in the State of Colorado. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Finish the Arkansas 

5 Valley Conduit Act’’. 


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1 SEC. 2. ARKANSAS VALLEY CONDUIT, COLORADO. 

2 Public Law 87–590 (76 Stat. 389) is amended— 

3 (1) in subsection (c) of the first section (76 

4 Stat. 390; 123 Stat. 1320), in the second sentence— 

5 (A) by inserting ‘‘, without interest,’’ be6 fore ‘‘in an amount’’; 

7 (B) by striking ‘‘that is comprised of rev8 enue generated by payments’’ and inserting ‘‘, 

9 which payment shall only consist of funding 

10 provided during construction from any person 

11 other than the Secretary’’; 

12 (C) by inserting ‘‘of’’ before ‘‘revenue 

13 that’’; and 

14 (D) by inserting ‘‘over a period of 100 

15 years’’ after ‘‘project facilities’’; and 

16 (2) in section 2(b)(3)(A) (76 Stat. 390; 123 

17 Stat. 1321)— 

18 (A) by striking ‘‘plus interest’’; and 

19 (B) by striking ‘‘this section’’ and insert20 ing ‘‘subsection (c) of the first section’’. 

21 SECTION 1. SHORT TITLE. 

22 This Act may be cited as the ‘‘Finish the Arkansas Val23 ley Conduit Act’’. 

24 SEC. 2. ARKANSAS VALLEY CONDUIT, COLORADO. 

25 Public Law 87–590 (76 Stat. 389; 123 Stat. 1320) is 

26 amended— 


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1 (1) in the first section— 

2 (A) in subsection (c), in the second sentence, 

3 by striking ‘‘or in the case of the Arkansas Val4 ley Conduit, payment in an amount equal to 35 

5 percent of the cost of the conduit that is com6 prised of revenue generated by payments pursu7 ant to a repayment contract and revenue that 

8 may be derived from contracts for the use of 

9 Fryingpan-Arkansas project excess capacity or 

10 exchange contracts using Fryingpan-Arkansas 

11 project facilities,’’; and 

12 (B) by adding at the end the following: 

13 ‘‘(d) ARKANSAS VALLEY CONDUIT.— 

14 ‘‘(1) REPAYMENT CONTRACT.—Notwithstanding 

15 the reclamation laws or any other provision of this 

16 Act, the contract for the Arkansas Valley Conduit 

17 shall provide for payment in an amount equal to 35 

18 percent of the cost of the conduit that consists of— 

19 ‘‘(A) funding provided during construction 

20 from any entity other than the Secretary; and 

21 ‘‘(B) repayment of the balance not covered 

22 under subparagraph (A) for a period of not more 

23 than 75 years with simple interest at a rate that 

24 is equal to 50 percent of the interest rate deter25 mined by the Secretary of the Treasury under 


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1 section 2(c), including revenue derived from con2 tracts for the use of excess capacity or exchange 

3 contracts using Fryingpan-Arkansas project fa4 cilities. 

5 ‘‘(2) OPERATIONS AND MAINTENANCE.—The con6 tract for the Arkansas Valley Conduit shall provide 

7 for the assumption by the contracting parties of the 

8 care, operation, maintenance, and replacement of the 

9 conduit.’’; and 

10 (2) in section 2(b)(3)(A), by striking ‘‘this sec11 tion’’ and inserting ‘‘subsection (d) of the first sec12 tion’’. 


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Calendar No. 643 

118TH CONGRESS 

2D SESSION S. 5013 

A BILL 

To make certain modifications to the repayment for 

orado. the Arkansas Valley Conduit in the State of ColNOVEMBER 21, 2024 

Reported with an amendment 


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