A bill to authorize continued storage of water at Abiquiu Dam in New Mexico.

Authorizes the Secretary of the Army, acting through the Chief of Engineers, to store specified acre-feet of Rio Grande system water at Abiquiu Dam, New Mexico, in lieu of water storage already authorized, to the extent that contracting entities no longer require such storage. Authorizes the Secretary to acquire, as necessary, interests in lands required for such storage.

Subjects the authorization to store water and to acquire lands to the provisions of the Rio Grande Compact and the resolutions of the Rio Grande Compact Commission.