PROJ00515

• Contract/PO #: FS0019X
• Contractor Name: Turkey Creek Snowball Creek Project CWRPDA 1985
• Contract Type: Loan
• Water District: 0
• County: Archuleta
• Loan Projects - Doc Type: Feasibility Study

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6.0 FINANCING ALTERNATIVES AND RECOMMENDED
FINANCING PLAN

6.1

FINANCING ALTERNATIVES

A variety of funding sources were considered for this project.
sources are described in the following subsections.

These

6.1.1 u.S. Bureau of Reclamation Small Reclamation Project Act

Eligible proj ects for 1986 are those with a total proj ect cost of
less than $41,600,00. The maximum loan is two-thirds of the project cost.
Grants may be made for flood control, outdoor recreation, and fish and
wildlife enhancement. Interest rates are determined by the Treasury
Department with a maximum term of 40 years. To be placed in the high
priority category, the loan must not exceed 50 percent of the project cost.
A portion of the project must involve supplying water for agriculture.
Requests have exceeded funding for the past several years.

6.1.2 U.S. Soil Conservation Service

The agricultural component in this project is too small to qualify for
SCS funding.

6.1.3 USDI - Farmers Home Administration Water and Wastewater Loans and Grants

This program was established to assist rural areas and towns with
populations up to 10,000 people. Priority is given.to areas with less than
5,500 people to restore a deteriorating water supply or to improve,
enlarge, or modify a water facility. The borrower must prove that he is
unable to obtain funds from any other source at reasonable rates and terms,
including bonds. Partial funding can be requested and grants may be
available for up to 75 percent of the eligible facility development cost.

6-1