An article in the LA Times reports that who will repay costs involved in construction of the project is not yet settled. Up to this point, a principal of this repayment scheme has been that those who benefit pay the costs. This article states that potential agricultural users are, lately, not in the mood to participate. Check it out:
http://www.latimes.com/local/la-me-d...#axzz2j4DCme9l
One of the points made in the article is that BuRec policy on water projects is to contract for repayment of project costs without including interest. Even the state charges interests on repayment of contractual debt. And, believe it or not, agricultural users are reported to be behind on repayment of the federal debt.
Amazing....!!! Water contractors purchase cheap water from the feds, get an interest free loan, and then fail to repay the contractual debt. Let's see....
Is there any incentive for water contractors to repay a long term, interest free loan that nobody's trying to collect???
Is there any prospect of the feds using the potential of receiving larger volumes of diverted water to bring the water contractors back in line and making them repay their debt???
In my cynical view of the process and entities (federal/state) involved, I would say
NO!!!!
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