Colorado River Quantification Settlement Facilitation Act

Colorado River Quantification Settlement Facilitation Act - Directs the Secretary of the Interior, in order to satisfy the requirements of the Endangered Species Act of 1973 for whatever actions relating to the Salton Sea may be required as a result of the Quantification Settlement Agreement (the agreement among the Imperial Irrigation District, the Metropolitan Water District of Southern California, the Coachella Valley Water District, and the State of California) water transfers, to provide for the construction of the Habitat Enhancement Projects benefitting species using the Salton Sea area, including projects that provide facilities for hunting, fishing, bird watching, boating, and camping.

Requires the Secretary to approve the Habitat Conservation Plan and to issue related incidental take permits and all other approvals required so as to provide for compliance with such Act for covered activities within the Plan area.

Directs the Secretary to exercise existing authority to operate and maintain the Colorado River front work and levee system to provide for the construction of off-stream water management reservoirs and associated facilities near the All-American Canal. Requires the reservoirs to be constructed on lands owned by the Imperial Irrigation District. Requires the Secretary to enter into an operating agreement with such District to arrange for operation of such reservoirs to provide for regulating river flows, furthering water conservation and hydropower generation, preventing the loss of Lake Mead storage, and facilitating any arrangements with Mexico in addressing its Colorado River water supply management needs.

Provides for the termination of this Act, including such permits and approvals, after December 31, 2002, unless the Agreement is in effect on or before such date and remains in effect.