S. 2616 aims to facilitate the construction of the Arkansas Valley Conduit (AVC), a component of the Fryingpan-Arkansas Project designed to deliver potable water to six rural counties in Colorado. Based on information from the Bureau of Reclamation (BOR), the Southeastern Colorado Water Conservancy District, and Colorado state agencies, CBO estimates that enacting S. 2616 would increase direct spending by $60 million over the 2017-2026 period and by $108 million after 2026. Because the legislation would affect direct spending, pay-as-you-go procedures apply. Enacting S. 2616 would not affect revenues. The new funding and financing activities authorized in S. 2616 could lead to a reduction in the need for appropriated funds to complete the AVC.
CBO estimates that enacting the bill would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027.
S. 2616 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.