(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) This bill revises cost-sharing under the contract for construction of the Arkansas Valley Conduit, Colorado, to require that payment be made in an amount equal to 35% of the funds appropriated for (currently, 35% of the cost of) the Conduit that is comprised of revenue generated by payments pursuant to a repayment contract, and of revenue that may be derived from contracts for the use of Fryingpan-Arkansas project excess capacity or exchange contracts using project facilities.
The bill requires that any revenue that may be derived from contracts for the use of project excess capacity or exchange contracts using project facilities be credited towards payment of the actual cost of the Ruedi Dam and Reservoir, the Fountain Valley Pipeline, and the South Outlet Works at Pueblo Dam and Reservoir until those costs, plus interest, have been fully repaid (currently, until the date the payments for the Conduit begin).
All such revenue shall be available to the Department of the Interior:
Interior shall enter into one or more agreements with the District that specify the distribution of such revenue for such uses.