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The legislative text of H.R. 131 provides for a 25-year extension of the repayment period (creating a 75-year period) and halves the interest rate as described.
The enrolled text of H.R. 131 (Finish the Arkansas Valley Conduit Act) amends Public Law 87‑590 to allow, based on financial hardship, repayment of the remaining non‑federal share for "a period of not more than 75 years" with simple interest at a rate equal to 50% of the standard Treasury rate under section 2(c). This matches the description that the bill creates a 75‑year repayment period and cuts the applicable interest rate in half; outside materials on prior AVC legislation indicate the existing term was 50 years, so the change represents a 25‑year extension. Therefore, the statement that H.R. 131 would extend the AVC repayment period by 25 years to 75 years and halve the interest rate is accurate. The verdict is True because the statutory bill text explicitly provides for up to a 75‑year term at 50% of the normal Treasury interest rate, and other congressional materials describe the pre‑existing term as 50 years, consistent with a 25‑year extension.