Utah Water Finance Agency (“UWFA”), a pooled capital improvement financing program, was formed on September 26, 1996 for the purpose of financing or refinancing various water and wastewater projects and certain hydroelectric projects of UWFA members, (Alpine City, Cedar City, Centerville City, Central Utah Water Conservancy District, Heber City, Jordan Valley Water Conservancy District, Metropolitan Water District of Pleasant Grove City, Metropolitan Water District of Salt Lake and Sandy, Orem City, Roy Water Conservancy Subdistrict, South Jordan City, South Valley Sewerage District, St. George City, Timpanogas Special Service District, Tooele City, Uintah Water Conservancy District, Washington County Water Conservancy District, Weber Basin Water Conservancy District, Weber-Box Elder Conservation District, West Jordan City, and White City Water Improvement District). Participating members receive loans out of the proceeds of various Project Bonds,
