Water Infrastructure Financing Policy Principles Jan 1, 2006 Policy Documents In January 2006, ACWA released its “Water Infrastructure Financing Principles.” A key principle of infrastructure financing is that beneficiaries of program actions should, to the extent that they directly benefit, pay for those program costs. ACWA members are prepared to pay their fair share of the costs for benefits received, but believe that some of the investments will provide “public benefits,” which should be funded from state and federal sources. For instance, some of the system improvements to California’s “backbone” storage and conveyance system are legitimate public benefits. There will also be “water user benefits” from some of these investments. Those should be funded under the beneficiaries pay principle.