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			State Water Project facilities map The Rise in Environmental Awareness Early Delta Salinity Investigations Partnerships with Federal and Local Governments An Ecological Effort The SWP's 4-Pumps Program Coastal Branch Construction: A Growing Environmental Awareness Working Together Power Moves Financing by Bonds SWP via the Net Dealing with an Aging System The Repair Side SWP Facilities: Why So Long and Costly?

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Financing by Bonds

The State Water Project is financed by two major types of bonds: initially by general obligation bonds until 1972 and subsequently revenue bonds. General obligation bondsare backed by the “full faith and credit” of the State and are normally paid back from general fund revenues. The $1.75 billion in general obligation bonds sold by the Department for the SWP under the Burns-Porter Act in 1960 is being repaid, with interest, by the Department from revenues received from the SWP contractors.

To supplement general obligation bonds, DWR has sold revenue bonds under the authority of the 1933 Central Valley Project Act. These revenue bonds help finance projects including power plants that generate revenue. The revenue is then used, in part, to repay the principal and interest of the revenue bonds.

*Oroville Dam was one of the first projects to be financed by the general obligation bonds approved by the voters in 1960.*