Colorado River Floodway Task Force Act of 1985

Colorado River Floodway Task Force Act of 1985 - Establishes the Colorado River Floodway Task Force to: (1) review past operation of dams along the Colorado River in terms of flood control, power generation, and water storage; (2) examine 1983 property damage and the potential for future damage to the Colorado River Floodway in the States of Arizona, California, and Nevada; (3) make recommendations to the Congress concerning future construction, recreation and wildlife enhancement, management, and emergency plans within the floodway; and (4) make recommendations to the Secretary of the Interior concerning property damage compensation and relocation of individuals displaced as a result of the 1983 flood.

Authorizes the Secretary of the Interior to compensate individuals suffering as a result of the 1983 flood. Permits individuals who suffered losses to bring actions for compensation in the United States Court of Claims. Confers jurisdiction on such court to hear, determine, and render judgment upon such claims. Authorizes the Secretary to relocate individuals in the floodway as is deemed necessary.

Requires the Task Force to make a final report to the President and to the Congress within one year of enactment of this Act. Requires the Task Force to terminate one year after the enactment of this Act.

Authorizes appropriations for FY 1986 through 1988.