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

To modify certain cost-sharing and revenue provisions relating to the Arkansas Valley Conduit, Colorado. 1. Arkansas Valley Conduit, Colorado (a) Cost share The first section of Public Law 87–590 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 the Arkansas Valley Conduit, for payment in an amount equal to 35 percent of the funds appropriated for the conduit that is comprised of revenue generated by payments pursuant to a repayment contract and of revenue (b) Rates Section 2(b) of Public Law 87–590 (1) in paragraph (2)(A)— (A) by striking until the date on which the payments for the Arkansas Valley Conduit under paragraph (3) begin, (B) by striking plus interest in an amount determined in accordance with this section until those costs, plus interest, have been fully repaid (2) in paragraph (3), by striking subparagraph (A) and inserting the following: (A) Use of revenue (i) In general Notwithstanding the reclamation laws, all revenue derived from all contracts for the use of Fryingpan-Arkansas project excess capacity or exchange contracts using Fryingpan-Arkansas project facilities shall be available to, and used by, the Secretary, without appropriation— (I) subject to paragraph (2), for the payment of costs associated with the construction of the Arkansas Valley Conduit; (II) for the payment to the Southeastern Colorado Water Conservancy District, including any enterprise established by the District in accordance with Colorado State law (collectively referred to in this subparagraph as the District (III) to be credited towards repayment of the funds appropriated for the Arkansas Valley Conduit, plus interest. (ii) Agreements The Secretary shall enter into 1 or more agreements with the District that specify the distribution, in amount and timing, of the revenue described in clause (i), as between the uses described in subclauses (I), (II), and (III) of that clause. . September 15, 2016 Reported without amendment

Summary: (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) (Sec. 1) 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.