LOS ANGELES -- The Central Coast Water Authority in California plans to make its first appearance in bond market with a $177.1 million financing this week that is designed partly to alleviate the water supply concerns of Santa Barbara.

Some of the proceeds will help finance costs of constructing a water treatment plant, which is designed to treat water from the State Water Project for use by various water purveyors and users in Santa Barbara and San Luis Obispo Counties.

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