H.R. 5468 · 114th Congress
To direct the Secretary of the Interior to allow for prepayment of repayment obligations under Repayment…
Full title
To direct the Secretary of the Interior to allow for prepayment of repayment obligations under Repayment Contracts between the United States and the Weber Basin Water Conservancy District.
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BishopSponsorNo cosponsors.
This bill directs the Department of the Interior to permit the prepayment of repayment obligations under Repayment Contract No.
What it does: CRS summary · Reported to House without amendment · Sep 6, 2016
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
This bill directs the Department of the Interior to permit the prepayment of repayment obligations under Repayment Contract No. 14-06-400-33 between the United States and the Weber Basin Water Conservancy District, including all related applicable contracts, providing for repayment of Weber Basin Project construction costs allocated to irrigation and municipal and industrial purposes under terms and conditions similar to those used in implementing the provisions in the Central Utah Project Completion Act for prepayment of Central Utah Project, Bonneville Unit repayment obligations.
The prepayment:
- shall result in the United States recovering the net present value of all repayment streams that would have been payable to the United States if this bill was not in effect;
- may be provided in several installments;
- may not be adjusted on the basis of the type of prepayment financing used by the District; and
- shall result in total repayment by September 30, 2026.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To direct the Secretary of the Interior to allow for prepayment of repayment obligations under Repayment Contracts between the United States and the Weber Basin Water Conservancy District.
Latest action (Sep 6, 2016): Placed on the Union Calendar, Calendar No. 558.
Policy area: Water Resources Development · Origin: House · Introduced: Jun 14, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.