FINANCING FEDERAL WATER DEVELOPEMNT PROJECTS AND SHARING THE COSTS1

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Abstract
The Federal Government's interest and involvement in water resource development in discussed in the context of project financing and cost sharing. After drawing a clear distinction between the two issues ‐ who puts up the money, and who repays over time ‐ the authors survey a number of Federal acts from which have evolved nearly 200 separate cost‐sharing rules. Selected cost sharing and financing issues discussed include consistency in policies, rehabilitation of urban water supply systems, multipurpose water quality projects, and ground water management. Two proposals for cost/finance sharing reform introduced in the 96th Congress are discussed in detail and their impacts compared with current policy. The joint venture approach (Administration proposal) results in an effective composite cost share which changes significantly but not drastically (from 19 to 35 percent non‐Federal share for a hypothetical project). The block grant approach (Domenici‐Moynihan proposal) would alter the regional distribution of Federal water developement funding from the South and West to the Northwest and North Central States.

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