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DC Water financings drive the Capital Improvement Projects for Wastewater Treatment, Combined Sewer Overflow, Stormwater, Sanitary Sewer, and Water Services. To fund large-scale construction projects, DC Water typically issues 30 to 35-year municipal bonds, reflecting the anticipated useful life of the assets. The bonds are paid from operating funds, and rates are set based on these commitments and projections of operating and capital costs. The Authority sells bonds every year to finance large capital projects and has created innovative and award-winning offerings.