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<br />it's not the availability of capital to borrow. <br /> <br />The gap is a <br /> <br />lot of these smaller entities do not have the money to gamble on <br /> <br />the feasibility study or environmental permitting. <br /> <br />And if you go into a--it could be a small community. It <br /> <br />could be a small special district, or water conservative <br /> <br />district, or a water and sanitation district. <br /> <br />you know, as small as a group of farmers. <br /> <br />But, the problem they have is they can't gamble a half a <br /> <br />It could be a, <br /> <br />million or $1 million and then find out that the project wasn't <br /> <br />feasible or that they never could get permitted. <br /> <br />If we can get past that step, then we can go to the next <br /> <br />step, which is borrowing some funds to build the project. But, <br /> <br />the stumbling block that most of us have seen, and that some of <br /> <br />us have experienced personally, is that if you can't get past <br /> <br />that one step then you cannot move any farther down the road. <br /> <br />And we've identified around the state through the Statewide <br /> <br />Water Supply Initiative a lot of potential projects in almost <br /> <br />every part of the state. But, it's these small entities that <br /> <br />actually have to come up with the money in order to get through <br /> <br />their feasibility and permitting. And it just isn't going to <br /> <br />happen without some help. And if we can get past that, then I <br /> <br />think we can start addressing some of the water supply needs we <br /> <br />have. <br /> <br />- 5 - <br />