Western Water Accelerated Revenue Repayment Act
1/31/2025, 4:21 PM
Status of Legislation
Purpose and Summary
Western Water Accelerated Revenue Repayment Act
This bill permanently authorizes a provision under the Water Infrastructure Improvements for the Nation (WIIN) Act that (1) allows certain water users (e.g., agriculture and municipal water users) in western states to prepay what they owe under contracts with the Bureau of Reclamation for delivering water through a lump sum payment or over a period of three years; and (2) requires a specified portion of the receipts generated from such prepayments be directed to the Reclamation Water Storage Account for the construction of water storage. Such prepayments do not alter certain requirements for the disposition of amounts that are directed by project-specific statutes in effect prior to the passage of the WIIN Act to accounts other than the General Reclamation Fund.
The contract prepayment authority allows for the prepayment of certain contracts related to water infrastructure projects. By extending this authority, the bill aims to provide flexibility and efficiency in the management of water infrastructure projects.
The bill is focused on improving the nation's water infrastructure and ensuring that projects are completed in a timely and cost-effective manner. By extending contract prepayment authority, the bill aims to streamline the process of managing water infrastructure projects and ensure that they are completed efficiently. Overall, Bill 119 HR 132 is aimed at improving the management of water infrastructure projects and ensuring that they are completed in a timely and cost-effective manner. It seeks to provide flexibility and efficiency in the management of these projects by extending contract prepayment authority.
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Western Water Accelerated Revenue Repayment Act
This bill permanently authorizes a provision under the Water Infrastructure Improvements for the Nation (WIIN) Act that (1) allows certain water users (e.g., agriculture and mu...