Finish the Arkansas Valley Conduit Act

What Would Change

Today, the law requires 35 percent of the Arkansas Valley Conduit's cost to be repaid from specific revenue sources like repayment contracts and revenue from Fryingpan-Arkansas project excess capacity or exchange contracts. This bill would remove the requirement that the entire 35 percent payment come only from those specific sources. Instead, the 35 percent payment would consist of non-federal funding provided during construction. Any remaining balance, if financial hardship is shown, could then be repaid over up to 75 years at 50 percent of the Treasury's interest rate, and this repayment could include revenue from Fryingpan-Arkansas project excess capacity or exchange contracts.