Modifying Repayment Terms for the Arkansas Valley Conduit
This bill modifies the repayment terms for the Arkansas Valley Conduit in Colorado. It mandates that the repayment contract cover 35 percent of the conduit's cost. This amount consists of funding provided during construction from entities other than the Secretary, and repayment of the remaining balance over a period of not more than 75 years at a simple interest rate equal to 50 percent of the rate determined by the Secretary of the Treasury.
Key points
Interest Rate Adjustment: The repayment interest rate is set at 50 percent of the rate determined by the Secretary of the Treasury.
Repayment Period: The balance not covered by other entities must be repaid over a period of not more than 75 years.
Cost Structure: The repayment contract is required to cover 35 percent of the conduit's cost.
Status:
Expired
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