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Water Infrastructure Financing in Utah

Learn about the four loan funds managed by the Utah Board of Water Resources, funding history, eligible projects, sources of funding, project priorities, lessons learned, and recommendations for successful water infrastructure financing. Find out how to access revolving construction funds and other financial resources for water-related projects in Utah.

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Water Infrastructure Financing in Utah

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  1. Water Infrastructure Financing in Utah Todd Stonely, P.E. Project Funding Manager

  2. Revolving Loan Funds The Board of Water Resources manages four loan funds: • Revolving Construction Fund (1947) • Cities Water Loan Fund (1974) • Construction & Development Fund (1978) • Water Infrastructure Restricted Account (2016)

  3. Revolving Construction Fund • 1947-1986: Consistently funded from General Fund (Annual Avg. $1.4M) • 1987-92: No appropriations • 1993-Present: Annual appropriations for Dam Safety (Avg. $4.1M)* *Includes one time appropriations of $11M (2016) and $8.4M (2018) • TOTAL = $137,000,000

  4. Cities Water Loan Fund • 1974-1989: Consistently funded from General Fund (Annual Avg. $1.4M) • 1990-Present: No appropriations • 2009: Legislature raided fund ($3.6M) • TOTAL = $18,000,000

  5. Construction & Development Fund • 1979 & 1978: $25M • 1983: $20M • 1986: $ 3M • 1990: $15M • 1992-2006: Annual approp. from Sales Tax (Avg. $3.8M) • 2007-Present: Sales Tax (Avg. $13.9M) • TOTAL = $312,000,000

  6. Water Infrastructure Restricted Account • 2016: $5.0M from General Fund • 2018: $7.7M from Sales Tax • Future Years: Gradual ramp up to full 1/16 cent Sales Tax ($25-30M) • TOTAL = $12,700,000

  7. Revloving Funds • Overseen by Board of Water Resources (WIRA – Includes legislative process) • Eligible entities: Water and Irrigation co. and Political Subdivisions of the State • Any water-related project, including flood control • Primarily low-interest loans • Dam safety grants (limited) • New legislative appropriations not required for carryover

  8. Revolving Funds, cont. • Funds not tied to State Water Plan • State Water Plan often identifies areas of need • Water supply funding not integrated with water quality funding

  9. Other Sources of Funding • Emergency appropriations (1977) • State funds used as matching funds for federal funds (WaterSMART grants primarily) • Public private partnerships?

  10. Project Priority • Public health, safety, or emergency projects • Municipal water projects • Agricultural water projects • Projects with significant other funding

  11. Lessons Learned • Revolving funds work very well!! • Strong support from Legislature, rural, and urban areas • Priority systems and creative financing options help when funds are lean

  12. Recommendations • Collect and report accurate water data • Robust planning efforts • Work with key water users to make the case for needed investments • Use existing mechanisms to distribute new money when possible

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