Arkansas Valley Conduit Act of 2008

Arkansas Valley Conduit Act of 2008 - Provides for the payment of 35% of the cost of the Arkansas Valley Conduit, Colorado, by the Secretary of the Interior.

Requires revenue derived from contracts for the use of Fryingpan-Arkansas project excess capacity or exchange contracts using project facilities to be credited towards payment of the actual cost of Ruedi Dam and Reservoir, the Fountain Valley Pipeline, and the South Outlet Works at Pueblo Dam and Reservoir, until the date on which the payments for the Conduit begin, and then towards payment of the actual cost of the Conduit. Allows the concurrent crediting of revenue, with interest, towards payment of the Conduit.

Requires any rates charged for water for municipal, domestic, or industrial use or for the use of facilities for the storage or delivery of water to be adjusted to reflect the estimated revenue derived from contracts for the use of Fryingpan-Arkansas project excess capacity or exchange contracts using project facilities.

Authorizes appropriations for the construction of the Conduit. Prohibits such sums from being used for its operation or maintenance.

[Congressional Bills 110th Congress]
[From the U.S. Government Printing Office]
[H.R. 6502 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6502

 To provide for the construction of the Arkansas Valley Conduit in the 
                           State of Colorado.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 15, 2008

  Mr. Salazar (for himself, Mr. Udall of Colorado, and Mrs. Musgrave) 
 introduced the following bill; which was referred to the Committee on 
                           Natural Resources

_______________________________________________________________________

                                 A BILL


 
 To provide for the construction of the Arkansas Valley Conduit in the 
                           State of Colorado.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Arkansas Valley Conduit Act of 
2008''.

SEC. 2. ARKANSAS VALLEY CONDUIT, COLORADO.

    (a) Cost Share.--The first section of Public Law 87-590 (76 Stat. 
389) is amended in the second sentence of subsection (c) by inserting 
after ``cost thereof,'' the following: ``or in the case of the Arkansas 
Valley Conduit, payment of 35 percent of the cost of the conduit,''.
    (b) Rates.--Section 2(b) of Public Law 87-590 (76 Stat. 390) is 
amended--
            (1) by striking ``(b) Rates'' and inserting the following:
    ``(b) Rates--
            ``(1) In general.--Rates''; and
            (2) by adding at the end the following:
            ``(2) Ruedi dam and reservoir, fountain valley pipeline, 
        and south outlet works at pueblo dam and reservoir.--Until the 
        date on which the payments for the Arkansas Valley Conduit 
        under paragraph (3) begin, any revenue that may be derived from 
        contracts for the use of Fryingpan-Arkansas project excess 
        capacity or exchange contracts using Fryingpan-Arkansas project 
        facilities shall be credited towards payment of the actual cost 
        of Ruedi Dam and Reservoir, the Fountain Valley Pipeline, and 
        the South Outlet Works at Pueblo Dam and Reservoir plus 
        interest in an amount determined in accordance with this 
        section.
            ``(3) Arkansas valley conduit.--
                    ``(A) Use of revenue.--Any revenue derived from 
                contracts for the use of Fryingpan-Arkansas project 
                excess capacity or exchange contracts using Fryingpan-
                Arkansas project facilities shall be credited towards 
                payment of the actual cost of the Arkansas Valley 
                Conduit plus interest in an amount determined in 
                accordance with this section. Nothing in the Act of 
                June 17, 1902, and Acts supplementary thereto and 
                amendatory thereof (43 U.S.C. 371) shall be construed 
                to prevent the concurrent crediting of revenue, with 
                interest as provided in this section, towards payment 
                of the Arkansas Valley Conduit as provided in this 
                subparagraph.
                    ``(B) Adjustment of rates.--Any rates charged under 
                this section for water for municipal, domestic, or 
                industrial use or for the use of facilities for the 
                storage or delivery of water shall be adjusted to 
                reflect the estimated revenue derived from contracts 
                for the use of Fryingpan-Arkansas project excess 
                capacity or exchange contracts using Fryingpan-Arkansas 
                project facilities.''.
    (c) Authorization of Appropriations.--Section 7 of Public Law 87-
590 (76 Stat. 393) is amended--
            (1) by striking ``SEC. 7. There is hereby'' and inserting 
        the following:

``SEC. 7. AUTHORIZATION OF APPROPRIATIONS.

    ``(a) In General.--There is''; and
            (2) by adding at the end the following:
    ``(b) Arkansas Valley Conduit.--
            ``(1) In general.--Subject to annual appropriations and 
        paragraph (2), there are authorized to be appropriated such 
        sums as are necessary for the construction of the Arkansas 
        Valley Conduit.
            ``(2) Limitation.--Amounts made available under paragraph 
        (1) shall not be used for the operation or maintenance of the 
        Arkansas Valley Conduit.''.
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