Oroville Dam: With Bills Rolling In, State Borrows Heavily

California is borrowing up to $500 million to pay for the crisis at Oroville Dam, although it expects to be reimbursed for its costs. The Department of Water Resources obtained a $500 million line of credit last week to cover expenses connected to the spillway fracture at Oroville, including the permanent repairs. DWR obtained a separate $300 million credit line last week to cover other capital improvements for the State Water Project beyond Oroville. Federal money is expected to pay for much of the repairs.