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<br />,"0lW1517 <br /> <br />...,~ ' <br /> <br />8. Non-federal up-front financing may be appropriate for <br />,.,-e hydropower and municipal and industrial project purposes) <br />which are essentially vendible private goods with readily <br />identifiable beneficiaries. <br /> <br />9. Project revenues should be shared with non-federal interests <br /> <br />in the same propotion as related projects costs. <br /> <br />--.. <br /> <br />-, <br /> <br />10. The Administration and Congress need to encourage non- <br />capital formation by providing incentives. The Western <br /> <br />States Water Council reaffirms it~ support for III cun- <br /> <br />tinued use of tax exempt municipal bonds; and 12} establishment <br /> <br /> <br />of a federal bond guarantee and insurance fund. <br /> <br />e <br /> <br />. <br />