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This outstanding balance is projected to be repaid during 2015−16".
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Since the Redevelopment Agency's founding in the early 1970s, the city has lent it funds for revitalization projects to be repaid through property taxes.
Debt repaid from tax revenues (that is, excluding water and sewer debt) in fiscal year 2016 is projected to be approximately 8percentt of the City's real property values and 13percentt of its personal income -- compared to benchmarks of 5percent and 66 percent, respectively.
The finance structure of the PSHPP was assumed to be divided into two debt loans as follows: It amounts 40% of the total project capital costs to be repaid over 10 years with an annual interest rate of 11% and grace period 2 years with a commitment fee 0.5% on the remaining balance at each year during the construction period of the project.
It amounts 60% of the total project capital costs to be repaid over 20 years with an annual interest rate of 6% and grace period 3 years with a commitment fee 0.5% on the remaining balance at each year during the construction period of the project.
Similarly, in a software project, technical debt needs to be repaid regularly to avoid its accumulation.
It said the amount of doubtful debt, which is not expected to be repaid, is projected to increase from $1.9bn in2015-162015-16bn in 2025-26.
The fund provides loans, not grants, which need to be repaid, so the project can be financially sustainable.
"Sugarcane ethanol and soybean biodiesel each contribute to nearly half of the projected indirect deforestation of 121,970 km2 by 2020, creating a carbon debt that would take about 250 years to be repaid using these biofuels instead of fossil fuels".
"Sugarcane ethanol and soybean biodiesel each contribute to nearly half of the projected indirect deforestation of 121,970 km2 by 2020, creating a carbon debt that would take about 250 years to be repaid...."....
Require it to be repaid?
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