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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5013 Reported in Senate (RS)]

<DOC>

                                                       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.

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

<DELETED>SECTION 1. SHORT TITLE.</DELETED>

<DELETED>    This Act may be cited as the ``Finish the Arkansas Valley 
Conduit Act''.</DELETED>

<DELETED>SEC. 2. ARKANSAS VALLEY CONDUIT, COLORADO.</DELETED>

<DELETED>    Public Law 87-590 (76 Stat. 389) is amended--</DELETED>
        <DELETED>    (1) in subsection (c) of the first section (76 
        Stat. 390; 123 Stat. 1320), in the second sentence--</DELETED>
                <DELETED>    (A) by inserting ``, without interest,'' 
                before ``in an amount'';</DELETED>
                <DELETED>    (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'';</DELETED>
                <DELETED>    (C) by inserting ``of'' before ``revenue 
                that''; and</DELETED>
                <DELETED>    (D) by inserting ``over a period of 100 
                years'' after ``project facilities''; and</DELETED>
        <DELETED>    (2) in section 2(b)(3)(A) (76 Stat. 390; 123 Stat. 
        1321)--</DELETED>
                <DELETED>    (A) by striking ``plus interest''; 
                and</DELETED>
                <DELETED>    (B) by striking ``this section'' and 
                inserting ``subsection (c) of the first 
                section''.</DELETED>

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.--Notwithstanding the reclamation 
        laws or any other provision of this Act, the contract for the 
        Arkansas Valley Conduit shall provide for payment in an amount 
        equal to 35 percent of the cost of the conduit that consists 
        of--
                    ``(A) funding provided during construction from any 
                entity other than the Secretary; and
                    ``(B) 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''.
                                                       Calendar No. 643

118th CONGRESS

  2d Session

                                S. 5013

_______________________________________________________________________

                                 A BILL

To make certain modifications to the repayment for the Arkansas Valley 
                   Conduit in the State of Colorado.

_______________________________________________________________________

                           November 21, 2024

                       Reported with an amendment
```