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Interest-free repayment and 100-year term for Arkansas Valley Conduit construction

This Act modifies the repayment terms for the Arkansas Valley Conduit project in Colorado, significantly easing the financial burden on local entities. Key changes include eliminating interest on the repayment amount and extending the repayment period to 100 years. The repayment will now only cover funds provided by non-federal sources during the construction phase, making the project more affordable and facilitating the completion of this vital water infrastructure for local communities.
Key points
No Interest: Repayment for the conduit construction will be interest-free, substantially reducing the total cost for local communities.
100-Year Repayment Term: The repayment period is extended to 100 years, spreading the financial obligation over a much longer timeframe.
Limited Repayment Scope: Repayment is limited only to funding provided by non-federal sources during the construction phase.
Accelerating Water Access: These modifications aim to expedite the completion of the conduit, ensuring reliable water supply for residents in the region.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_296
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2025-01-29
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Finish the Arkansas Valley Conduit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_296.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-29.

What are the main provisions?

Key points include:

  • No Interest: Repayment for the conduit construction will be interest-free, substantially reducing the total cost for local communities.
  • 100-Year Repayment Term: The repayment period is extended to 100 years, spreading the financial obligation over a much longer timeframe.
  • Limited Repayment Scope: Repayment is limited only to funding provided by non-federal sources during the construction phase.
  • Accelerating Water Access: These modifications aim to expedite the completion of the conduit, ensuring reliable water supply for residents in the region.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Bennet, Michael F. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

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