This bill changes repayment language in Public Law 87-590 for the Arkansas Valley Conduit in Colorado. It amends subsection (c) of the first section to require certain repayments to be made without interest and to say those repayments will consist only of funding provided during construction by any person other than the Secretary. It also adds that those repayments will occur over a period of 100 years. In section 2(b)(3)(A) the bill removes the words "plus interest" and updates a cross-reference to point to "subsection (c) of the first section." The text provided contains only these specific wording changes.
If you are connected to the Arkansas Valley Conduit, the bill changes how some repayment amounts are described: they would be interest-free, limited to construction funding from parties other than the Secretary, and spread over 100 years. The bill changes the wording of an existing law but does not include other program details in the text provided.
No publicly available information on costs or budgetary effects is included in the provided text.
No publicly available information on proponents' statements or intended effects is included in the provided text.
No publicly available information on opponents' statements or objections is included in the provided text.