Summary

Requires the Arkansas Valley Conduit contract to cover 35% of the conduit construction cost, permits the remainder to be paid over time, and assigns the contracting parties responsibility for operating, maintaining, and replacing the conduit. The amendment adds these rules into the law that governs the project so that cost-sharing, repayment timing, and long‑term ownership/operation responsibilities are specified in the conduit contract.

Key Points

• Requires the Arkansas Valley Conduit contract to cover 35% of conduit construction costs.
• Permits the remaining conduit costs to be paid over time as specified in the contract.
• Makes contracting parties responsible for operating, maintaining, and replacing the conduit.
• Modifies the statutory framework governing the project so contract terms must reflect these requirements.
• Does not itself appropriate federal funds; it sets allocation and repayment rules for project costs.
• Shifts long‑term lifecycle obligations (O&M and replacement) onto the conduit contracting parties.
• Implementation depends on executing or amending the conduit contract consistent with the new rules.

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