Bill > S5013

This bill makes certain modifications to the repayment for the Arkansas Valley Conduit, a water infrastructure project in Colorado. The key provisions of the bill are: 1. It removes the requirement that the repayment for the Arkansas Valley Conduit must be 35% of the total cost. Instead, the repayment contract will be for the balance of the cost not covered by funding from other entities during construction, to be repaid over a period of up to 75 years with simple interest at 50% of the Treasury rate. 2. It requires the contracting parties to assume the care, operation, maintenance, and replacement of the Arkansas Valley Conduit, rather than the federal government. 3. It makes a technical correction to reference the appropriate section of the underlying law.