The District will utilize reasonable debt financing as an acceptable and appropriate
approach to fund long-term improvements and thus ensure that existing and future users
pay their fair share. Long-term improvements include the acquisition of land, facilities,
infrastructure, and supplies of water; and enhancements or enlargements to existing
capacity and facilities for obtaining, importing, transporting and delivering additional
quantities of water. These improvements are typically included in the District's,
Capital Improvement Budget and master planning documents. Bond proceeds can be issued
to fund the planning, design, land acquisition, construction, attached fixtures or
equipment and moveable pieces of equipment, or other costs as permitted by law.
(
Policy No. 8.5, 10-14-2014
)
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