Capital Financing for the state of Arizona Research Paper

Capital Financing for the state of Arizona - Research piece of music ExampleFunding for exteriorise financing was an important consideration in the recently issued Budget for the utter of Arizona. While deciding on the type of project financing funding availability, important factor that must be considered is that project financing funding depends on the cash flow needs. Hence, the amount of cash call for in the project undertaken will guide in deciding about the type of project financing available.The State of Arizona imposes a limit on the amount of debt service. The amount limit is $800 million for HURF debt. The requirements of revenue coverage ratio imposes limit on other types of debt offered in Arizona (Rowell, Buonincontri, & Semmens, 199, p.13).The State of Arizona is pass around to use of alternative sources of financing for capital projects. One such(prenominal) example is the State of Arizona requiring an alternative financing for lease purchase of the State properti es. The State will be achieving such financing requirement though issue of certificate of participation. It will be d mavin in publicly operating debt market. just about other innovative techniques used areAutonomous state authorities in Arizona work independently and make their own decisions. There are some autonomous State Authorities, not included in the budget that has major public capital spending. Arizona Health Care Cost Containment System (AHCCCS) is one such autonomous state authority which does major capital spending in the State of Arizona. Arizona Toll Ways is also another such State Authority which runs independently.Almost all the public capital spending is included in the State Capital Budget with the exception of Arizona section of Transportation, which has major public capital spending in the State of Arizona but it is not included in the Capital Budget of the