To authorize the Secretary of the Interior to revise certain repayment contracts with the Bostwick Irrigation District in Nebraska, the Kansas Bostwick Irrigation District No. 2, the Frenchman-Cambridge Irrigation District, and the Webster Irrigation District No. 4, all a part of the Pick-Sloan Missouri Basin Program, and for other purposes.
Latest Action
Became Public Law No: 109-386.
Official Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Authorizes the Secretary of the Interior to revise repayment contracts with the Bostwick Irrigation District in Nebraska, the Kansas Bostwick Irrigation District No. 2, the Frenchman-Cambridge Irrigation District, and the Webster Irrigation District, by: (1) equalizing the annual total repayment obligation under the contracts for the distribution works construction charge and the water supply repayment obligation for the remaining years of the contracts, relying upon the annual water supply repayment obligation as of the date of this Act's enactment as the base for equalizing the annual total payments; and (2) extending the date for adjusting the annual deposits into the distribution works reserve fund and the district water supply reserve fund for an additional 10 years.
GovScope Watchdog™
AI Government Intelligence™This bill authorizes the Secretary of the Interior to revise repayment contracts with four irrigation districts involved in the Pick-Sloan Missouri Basin Program. The revisions include equalizing the annual total repayment obligations for construction and water supply charges based on the water supply repayment obligation as of the enactment date. Additionally, it extends the timeline for adjusting annual deposits into reserve funds related to distribution works and water supply by 10 years. The bill aims to modify financial terms and timelines for these irrigation districts' repayment contracts.
The law adjusts repayment contract terms for four irrigation districts to equalize payments and extend reserve fund deposit periods, impacting financial obligations under the Pick-Sloan Missouri Basin Program.
- Authorizes the Secretary of the Interior to revise repayment contracts with four specific irrigation districts in Nebraska and Kansas.
- Equalizes annual total repayment obligations for distribution works construction and water supply charges based on current water supply repayment obligations.
- Extends the deadline for adjusting annual deposits into distribution works and water supply reserve funds by an additional 10 years.
['Bostwick Irrigation District in Nebraska', 'Kansas Bostwick Irrigation District No. 2', 'Frenchman-Cambridge Irrigation District', 'Webster Irrigation District No. 4', 'U.S. Department of the Interior']
['Changes to repayment schedules may affect the timing and amount of federal revenue from these contracts.', 'Extending deposit adjustment periods could impact reserve fund management and financial planning.', 'Oversight mechanisms for contract revisions and fund adjustments are not detailed in the summary.']
The bill was introduced and passed during the 109th Congress and was signed into law on December 12, 2006. It addresses financial contract terms within the framework of the Pick-Sloan Missouri Basin Program, a longstanding federal water resources development initiative. No amendments were made to the bill after introduction.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Adjusting repayment schedules could influence the financial stability and planning of the irrigation districts.', 'Extended deposit periods may affect long-term maintenance and operation funding for water infrastructure.', 'Changes in federal revenue timing might impact budget allocations within the Department of the Interior.']
The bill modifies financial contract terms without detailed public disclosure of oversight or accountability measures for the revised repayment schedules and extended deposit periods. Transparency around the impact on federal funds and irrigation district finances would support public understanding of these changes.
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