SACRAMENTO, Calif. – The Bureau of Reclamation executed congressionally-mandated contract conversions last Friday, with Central Valley Project contractors pursuant to the Water Infrastructure Improvements for the Nation Act. These contracts provide water to families, farms and communities in the respective California contractors’ service areas. Today’s contract conversions are the first group of more than 75 repayment contract conversions requested by CVP contractors.
“Completing these contracts is a big win-win for our contractors and the American public,” said Ernest Conant, California-Great Basin’s regional director. “The federal government will receive early payment of over $200 million, which Congress directed should be used for much-needed storage projects.”