Institutional Arrangements and Financing Alternatives for State and Local Water Programs

摘要

The study analyzes alternative institutional arrangements and financing alternatives for water projects at the state and local levels with particular emphasis on Arkansas. Because most water projects are financed with debt it concentrates on alternatives which can reduce the cost of debt and/or result in more efficient use of existing facilities. Specific state options considered include grants, loans, revolving funds, debt guarantee, bond insurance, bond bank, statutory and regulatory reform of water laws and water-related institutions, and planning and technical assistance. Specific local options include use of taxes and bonds including creative financing, user fees, leasing, privitization, and financial planning.