Today is Tuesday, 19th November 2024

CO: Proven Fundraising Tool: Selling Water-Board Loans

This is only in here because of the headline…From the Denver Post:

Sen. Chris Romer, D-Denver, said Monday the state should sell off up to $200 million worth of loans held by the Colorado Water Conservation Board to help plug budget holes.

Romer said that in the current budget year, the state could easily sell up to $80 million in loans to buyers looking for solid investments. He argued that there are no large water projects planned anytime soon and that the money from the sale of the loans could be used to offset cuts to public schools and colleges.

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