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<br />r <br /> <br />. , <br />~. <br /> <br />"'\ <br /> <br />Page 2 - Policy #6 <br />Parity Debt <br /> <br />. <br /> <br />3. No more than ten percent oftotal revenues originating from tap <br />and/or connection fees will be considered in the certification <br />described in item number 2, above. <br /> <br />4. The analysis of revenues will be based on the borrower's <br />current rate structure or the rate structure most recently adopted <br />by the borrower's governing body authorized to establish rah~s <br />or fees. The borrower must demonstrate that a recently <br />adopted rate structure will be implemented within a reasonable <br />period of time following the CWCB consent to parity. <br /> <br />Approved by the CWCB <br />July 26, 1999 Board Meeting <br />Agenda Item #8 <br /> <br />. <br /> <br />. <br /> <br />2 <br />