The purpose of this legislation is to modify the repayment terms for the Arkansas Valley Conduit project in Colorado. The aim is to ensure that communities and households in the region have reliable access to domestic water supplies. Key provisions of the legislation include changes to the repayment contract for the Arkansas Valley Conduit. The contract will require payment equal to 35 percent of the conduit’s cost. This payment can come from funds provided during construction by entities other than the federal government.