Bill > HR131

This bill modifies the repayment terms for the Arkansas Valley Conduit (AVC), a water infrastructure project in Colorado designed to provide domestic water supplies to communities without reliable access. The bill amends existing law to establish a new financing structure where 35 percent of the conduit's construction cost can be funded through various sources, including contributions from entities other than the federal government. For the remaining balance, the bill allows for a repayment period of up to 75 years with a reduced interest rate (set at 50 percent of the Treasury's standard rate), particularly for entities demonstrating financial hardship. The legislation also requires that the contracting parties assume responsibility for the conduit's ongoing operations, maintenance, and replacement. This approach aims to make the water infrastructure project more financially accessible to communities in the Arkansas Valley region by providing flexible financing terms and spreading the cost over an extended period.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/131/all-info