Western Water Accelerated Revenue Repayment Act
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Bill details
Summary
Introduced in House
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.
District impact notes
The Western Water Accelerated Revenue Repayment Act allows certain water users in western states to prepay their debts under contracts with the Bureau of Reclamation. • This policy could impact local water management by potentially increasing available funds for water storage projects. • Local agricultural and municipal water users may find financial flexibility through the option to prepay their water contracts. • There may be questions about how effectively the allocated funds for water storage will be utilized and whether they will meet local needs. AI-generated from official bill summary and plain-English note; verify with official text.
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