A bill to direct the Secretary of the Interior to allow for prepayment of repayment contracts between the United States and the Uintah Water Conservancy District.

Bill: 112-s-808
Sponsor: Sen. Hatch, Orrin G. [R-UT]
Introduced: 2011-04-13 in the Senate
Policy area: Water Resources Development
Subjects: Public contracts and procurement
Utah
Water resources funding
Water use and supply

Summary:
action_date: 2011-04-13
text: 
Directs the Secretary of the Interior to allow for prepayment of a specified contract between the United States and the Uintah Water Conservancy District in Utah providing for repayment of municipal and industrial water delivery facilities under terms and conditions similar to those used in implementing provisions of the Central Utah Project Completion Act. 

action_date: 2011-08-30
text: 

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

 
Directs the Secretary of the Interior to allow for prepayment of a specified contract between the United States and the Uintah Water Conservancy District in Utah providing for repayment of municipal and industrial water delivery facilities under terms and conditions similar to those used in implementing provisions of the Central Utah Project Completion Act. 
 
Provides that the prepayment: (1) shall result in the United States recovering the net present value of all repayment streams that would have been payable to the United States if this Act was not in effect; (2) may be provided in several installments to reflect substantial completion of the delivery facilities being prepaid and any increase in the repayment obligation resulting from the delivery of water in addition to the water being delivered under this contract; (3) shall be adjusted to conform to a final cost allocation, including costs incurred by the Bureau of Reclamation that are allocable to the water delivered; (4) may not be adjusted based on the type of prepayment financing used by the District; and (5) shall be made such that total repayment is made by September 30, 2022. 

action_date: 2011-11-02
text: 

(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.)

 
Directs the Secretary of the Interior to allow for prepayment of a specified contract between the United States and the Uintah Water Conservancy District in Utah providing for repayment of municipal and industrial water delivery facilities under terms and conditions similar to those used in implementing provisions of the Central Utah Project Completion Act. 
 
Provides that the prepayment: (1) shall result in the United States recovering the net present value of all repayment streams that would have been payable to the United States if this Act was not in effect; (2) may be provided in several installments to reflect substantial completion of the delivery facilities being prepaid and any increase in the repayment obligation resulting from the delivery of water in addition to the water being delivered under this contract; (3) shall be adjusted to conform to a final cost allocation, including costs incurred by the Bureau of Reclamation that are allocable to the water delivered; (4) may not be adjusted based on the type of prepayment financing used by the District; and (5) shall be made such that total repayment is made by September 30, 2022. 


Legislative actions:
action_date: 2011-11-03
text: Held at the desk.
action_date: 2011-11-03
text: Received in the House.
action_date: 2011-11-03
text: Message on Senate action sent to the House.
action_date: 2011-11-02
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S7091; text as passed Senate: CR S7091)
action_date: 2011-11-02
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7091; text as passed Senate: CR S7091)
action_date: 2011-08-30
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 142.
action_date: 2011-08-30
text: Committee on Energy and Natural Resources. Reported by Senator Bingaman under authority of the order of the Senate of 08/02/2011 without amendment. With written report No. 112-62.
action_date: 2011-08-30
text: Committee on Energy and Natural Resources. Reported by Senator Bingaman under authority of the order of the Senate of 08/02/2011 without amendment. With written report No. 112-62.
action_date: 2011-07-14
text: Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
action_date: 2011-05-19
text: Committee on Energy and Natural Resources Subcommittee on Water and Power. Hearings held. With printed Hearing: S.Hrg. 112-63.
action_date: 2011-04-13
text: Read twice and referred to the Committee on Energy and Natural Resources.
action_date: 2011-04-13
text: Introduced in Senate