Capital Financing for the state of Arizona Research Paper

Capital Financing for the state of Arizona - Research Paper Example Funding for project financing was an important consideration in the recently issued Budget for the State of Arizona. While deciding on the type of project financing funding availability, important factor that must be considered is that project financing funding depends on the cash flow needs. Hence, the amount of cash required in the project undertaken will guide in deciding about the type of project financing available. The State of Arizona imposes a limit on the amount of debt service. The amount limit is $800 million for HURF debt. The requirements of revenue coverage ratio imposes limit on other types of debt offered in Arizona (Rowell, Buonincontri, & Semmens, 199, p.13). The State of Arizona is open to use of alternative sources of financing for capital projects. One such example is the State of Arizona requiring an alternative financing for lease purchase of the State properties. The State will be achieving such financing requirement though issue of certificate of participation. It will be done in publicly operating debt market. Other innovative techniques used are: Autonomous state authorities in Arizona work independently and make their own decisions. There are some autonomous State Authorities, not included in the budget that has major public capital spending. Arizona Health Care Cost Containment System (AHCCCS) is one such autonomous state authority which does major capital spending in the State of Arizona. Arizona Toll Ways is also another such State Authority which runs independently. Almost all the public capital spending is included in the State Capital Budget with the exception of Arizona Department of Transportation, which has major public capital spending in the State of Arizona but it is not included in the Capital Budget of the

Shimomura Crossing the Delaware Essay Example | Topics and Well Written Essays - 1500 words

Shimomura Crossing the Delaware - Essay Example In fact, the painting is a daring parody of the picture of Emanuel Leutze celebrating the historically significant event of the American Revolution. The original painting depicts crossing the Delaware on the Christmas night of 1776 led by George Washington. Conducting a little research on the background of the current painting, one is able to single out the key strategy deployed in it. The principal strategy the author uses is appropriation. Appropriation is understood as taking (involving) an already preexisting symbol, object or an artwork into the new one applying no or little transformation. Appropriation uses the images that already exist and considered in isolation from them in order to create a new concept behind them. â€Å"Shimomura Crossing the Delaware† complies with this definition as it is an ironical reconsideration of the already existing object (the work of art). The concept of the painting is altered by the author in order to create the strong allusion to racial and ethnic issues in a form of a parody or joke. The principal difference lies in the fact that Shimomura made Asians – namely, samurai - the main characters of the painting. In other words, this is an American historical painting vested in Japanese guise. This solution was dictated be the idea of illustrating the race issue and the problem of Japanese Americans’ place in American society. The picture created by Shimomura preserves the idea and composition, yet is a parody bearing a peculiar style of the painter.