small-craft facilities. Most of the programs are partially or totally financed through revenues 

 derived from taxes on marine fuels, registration fees, and various tariffs. 



State-supported grant programs are the most common forms of assistance. The Ohio 

 Department of Natural Resources provides grants for civic marina and civic launching-ramp 

 development to a maximum of two-thirds of the total development costs. The Oregon State 

 Marine Board and the Washington State and New York State Parks and Recreation 

 Commissions furnish grants covering 100 percent of the same qualifying developments. A 

 common practice for States that offer grant programs is to reserve rights to review 

 engineering designs and proposals and to enforce construction and design standards. 



The same reservation of rights is evident in State-sponsored loan programs especially 

 where loans are not restricted to civic marina developments. The following excerpts from 

 the California Boating Law (1971), shows the control exercised by many States concerned 

 with marina planning or construction loans: 



"(1) FeasibiUty Study: A report containing sufficient information and detail to 

 demonstrate that the project is engineeringly and financially feasible, and 

 economically justified. The report shall include, but not Umited to: 



(a) A project plan and map which establishes the project area and location. 



(b) Preliminary layout and designs of project features in sufficient detail to 

 develop accurate cost estimates. 



(c) A plan for operational and fiscal management of the project throughout 

 the loan period. 



(d) The proposed method and means of retiring the loan, meeting other 

 financial obligations of the project, and, if the project is to be undertaken with 

 funds in addition to the construction loan appHed for, a funding plan indicating 

 the source of such additional construction funds. 



(e) A report on the effect the project would have on the environment. The 

 department will provide the sponsor with a copy of the latest law on this subject. 



(2) FeasibiUty Review: The apphcant's formal application wiU be judged as to 

 the following principal considerations: 



(a) Engineering feasibility, including a determination as to whether or not 

 the project can be developed within the total amount of funds to be made 

 available. 



(b) Economic justification, including an evaluation of the benefit -cost ratio 

 in accordance with the department's criteria. 



(c) Financial feasibiHty, including an analysis of the availabiUty of capital to 

 finance construction to completion, user's willingness and abihty to pay 

 anticipated berthing and other charges used in estimating revenues, and evaluation 

 of the sufficiency of revenues to cover annual cost on a year-by-year basis, 

 including the amortization of the applied for loan." 



226 



