This bill amends the law governing the Arkansas Valley Conduit, a water delivery project in southeastern Colorado that supplies drinking water to communities in the Arkansas River basin. It changes how local water users must repay the federal government for the cost of building the conduit, setting their share at 35 percent of construction costs. That share can be met through funding contributed during construction and through repayment over a period of up to 75 years, with simple interest charged at half the standard federal borrowing rate, rather than the previous repayment terms. The bill also requires local contracting parties to take on responsibility for the ongoing operation, maintenance, and replacement of the conduit once it is built. Overall, the legislation is intended to make the financial terms more manageable for the rural Colorado communities relying on this project for water, helping to move the long-delayed conduit toward completion.
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