H.R. 132
Western Water Accelerated Revenue Repayment Act
In Plain Language
This bill lets farmers and cities in western states pay off their water delivery bills early to the federal government, either all at once or over three years. A portion of the money collected from these early payments must go toward building new water storage projects. The bill makes this option permanent rather than temporary.
Official Congressional Research Service summary
Western Water Accelerated Revenue Repayment ActThis 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.
Sponsor
Cosponsors
Latest action
Referred to the House Committee on Natural Resources.
Jan 3, 2025
Official source
Action history
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