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<br />- <br />, <br />, <br />...' <br />. <br /> <br />... <br /> <br />. <br /> <br />. <br /> <br />12/6/82 <br />CWCB <br /> <br />Water Project <br /> <br />1. <br /> <br />State has played a minor role in financing <br /> <br />./ <br /> <br />, c)JJel? ~ <br />\ lifqr5 t.- ~f.J Q. <br />/c:P,e> , I~ Y'" <br />~,..(" fo <br />i-!p //JtJ-#- <br />;?) tpl. *' <br />15 ~ 1:4/ <br />~ P r' f,Y" <br />t.?>'t;.t <br />/., ,vq <br />'1) I rikl <br />, P;<e>.I. <br />S) .:-- f'r <br />~ <br />,~,~ / <br />e~ .0;, <br />Pr'~' <br />TjJ' <br /> <br />Financing Issues <br /> <br />a. <br /> <br />Reliance on federal government <br /> <br />b. <br /> <br />Large municipalities and industries can provide <br />their own financing <br /> <br />2. <br /> <br />Project financing <br /> <br />a. <br /> <br />Money for planning and pre-construction activities <br /> <br />b. <br /> <br />Financing for construction <br /> <br />3. <br /> <br />Planning and pre-construction activities <br /> <br />a. <br /> <br />High risk--private lenders will not provide funds <br /> <br />b. <br /> <br />Cash reserves and current revenues of many <br />entities insufficient <br /> <br />4. Construction financing <br /> a. Revenue financing <br /> b. General obligation financing <br /> c. "Pay as you qo" <br /> <br />5. <br /> <br />Limitations on revenue financing--a significant portion <br />of Colorado's potential future water developments cannot <br />produce enough revenues to be revenue financed <br /> <br />6. Role of tax revenues <br /> a. Tax sources <br /> (1) General taxes <br /> (2) Economic ren ts <br /> (3) State property tax <br />