Colorado Water Resources and Power Development Authority
	Phone: 303-830-1550	Fax: 303-832-8205	info@cwrpda.com	1580 Logan St. 620	Denver, CO 80203

In response to occasional requests for funding for water related projects that do not qualify for funding from the DWRF, WPCRF or SWRP programs, the Authority initiated the Water Revenue Bond program in 1998. Under this program the Authority assists the borrower with the structuring of the bonds, pays a portion of the costs of issuance (excluding general counsel and bond counsel opinion costs, similar to SWRP) and funds with bond proceeds the required debt service reserve fund or purchases a surety bond. For 2007, the Authority will provide each borrower up to $250,000 to pay costs of issuance. Project loans of $500 million or less do not require a joint resolution from the General Assembly. The Authority covers the annual costs for trustee, paying agent, registrar and arbitrage rebate calculations.

ELIGIBLE PROJECTS:

Water and wastewater treatment plants, pump stations, dams/reservoirs, water rights, pipelines, hydro-electric projects, wells, meters, reuse, storage tanks, etc.

Note: All cost of project development may be financed through the Water Revenue Bonds Program.

PROCESS:

- Applications are sent directly to the Authority.

- If the project involves raw water collection or storage, the application is forwarded for informational purposes to the Colorado Water Conservation Board.

- The Authority’s staff analyzes the financial creditworthiness and prepares a credit report. Bond insurance will be considered based upon cost effectiveness.

- The borrower’s credit report is then submitted to the Authority’s Project Finance Committee and (upon favorable recommendation) to the Board of Directors for approval.

- Once the Authority’s Board of Directors approves a borrower’s loan application and respective bond issue, the bond issuance process and loan negotiations are initiated.