Text: S.2616 — 114th Congress (2015-2016)All Information (Except Text)

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Reported to Senate (09/15/2016)

Calendar No. 630

114th CONGRESS
2d Session
S. 2616

[Report No. 114–352]


To modify certain cost-sharing and revenue provisions relating to the Arkansas Valley Conduit, Colorado.


IN THE SENATE OF THE UNITED STATES

March 2, 2016

Mr. Gardner (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources

September 15, 2016

Reported by Ms. Murkowski, without amendment


A BILL

To modify certain cost-sharing and revenue provisions relating to the Arkansas Valley Conduit, Colorado.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Arkansas Valley Conduit, Colorado.

(a) Cost share.—The first section of Public Law 87–590 (76 Stat. 389, 123 Stat. 1320) is amended in the second sentence of subsection (c), by striking “the Arkansas Valley Conduit, payment in an amount equal to 35 percent of the cost of the conduit that is comprised of revenue generated by payments pursuant to a repayment contract and revenue” and inserting “the Arkansas Valley Conduit, for payment in an amount equal to 35 percent of the funds appropriated for the conduit that is comprised of revenue generated by payments pursuant to a repayment contract and of revenue”.

(b) Rates.—Section 2(b) of Public Law 87–590 (76 Stat. 390, 123 Stat. 1321) is amended—

(1) in paragraph (2)(A)—

(A) by striking “until the date on which the payments for the Arkansas Valley Conduit under paragraph (3) begin,”; and

(B) by striking “plus interest in an amount determined in accordance with this section” and inserting “until those costs, plus interest, have been fully repaid”; and

(2) in paragraph (3), by striking subparagraph (A) and inserting the following:

“(A) USE OF REVENUE.—

“(i) IN GENERAL.—Notwithstanding the reclamation laws, all revenue derived from all contracts for the use of Fryingpan-Arkansas project excess capacity or exchange contracts using Fryingpan-Arkansas project facilities shall be available to, and used by, the Secretary, without appropriation—

“(I) subject to paragraph (2), for the payment of costs associated with the construction of the Arkansas Valley Conduit;

“(II) for the payment to the Southeastern Colorado Water Conservancy District, including any enterprise established by the District in accordance with Colorado State law (collectively referred to in this subparagraph as the ‘District’) of amounts needed for the District to repay the principal and interest on loans obtained by the District from agencies of the State of Colorado for construction of the Arkansas Valley Conduit; and

“(III) to be credited towards repayment of the funds appropriated for the Arkansas Valley Conduit, plus interest.

“(ii) AGREEMENTS.—The Secretary shall enter into 1 or more agreements with the District that specify the distribution, in amount and timing, of the revenue described in clause (i), as between the uses described in subclauses (I), (II), and (III) of that clause.”.


Calendar No. 630

114th CONGRESS
     2d Session
S. 2616
[Report No. 114–352]

A BILL
To modify certain cost-sharing and revenue provisions relating to the Arkansas Valley Conduit, Colorado.

September 15, 2016
Reported without amendment