AWWA M29-2008
Fundamentals of Water Utility Capital Financing Third Edition
- Standard No.
- AWWA M29-2008
- Release Date
- 2008
- Published By
- American Water Works Association (AWWA)
- Status
- Replace By
- AWWA M29-2014
- Latest
- AWWA M29-2014
- Scope
- The material presented in this manual is intended for use by both government-owned and investor-owned water utilities. Because financing alternatives and markets may differ for these two primary types of utility ownership, financing alternatives for each are discussed in separate places in this manual. This manual covers six general areas: (1) strategic capital and financial requirements planning, (2) identifying financing alternatives, (3) evaluating financing alternatives, (4) the process of taking a debt issue to the market, (5) participants' roles in the debt issuance process, and (6) special considerations for investor-owned utilities. Additional information regarding the require- ments of different rating agencies is contained in appendix A. Information presented in this manual has certain limitations. Water utility capital requirements continually change, as do financial sources available to the utility. At any given time, financing alternatives available to a utility depend on ~ Tax laws and Internal Revenue Service (IRS) rules and regulations. ~ Interest rates charged for various financing alternatives. ~ A utility's credit rating. ~ Decisions by governing bodies, by regulatory agencies, and, in some instances, by voters. Appendix A provides information regarding the general requirements of bond-rating agencies, which is particularly useful as a utility considers the use of long-term debt and begins the process of going to the financial market. The glossary at the end of this manual, which provides terms commonly used by the financial community, is a continuing step toward establishing uniformity of definitions. It will be revised and expanded as additional AWWA financial and caaounting manuals are developed.
AWWA M29-2008 history
- 2014 AWWA M29-2014 Water Utility Capital Financing (Fourth Edition)
- 2008 AWWA M29-2008 Fundamentals of Water Utility Capital Financing Third Edition
- 1998 AWWA M29-1998 Water Utility Capital Financing Second Edition
