California Water Code CHAPTER 5.5 - Local Agency Bond Payments

• Section 12894.
  The department may, when specifically authorized by law to do so, enter into a commitment, without regard to fiscal years, with any public agency, as...
• Section 12894.1.
  Notwithstanding any provision of law to the contrary, every public agency empowered by law to contract with the state for a water supply is hereby...
• Section 12894.2.
  The Department of Water Resources shall notify all public agencies which have contracted for water from the State Water Resources Development System of its intention...
• Section 12894.3.
  If the department determines that a loan commitment pursuant to Section 12894 will not enable any eligible public agency specified in Section 1 of Chapter...
• Section 12894.4.
  A loan pursuant to Section 12894.3 shall not exceed 25 percent of the total cost of the project, or two million five hundred thousand dollars...
• Section 12894.5.
  Annual payments on the loan, including both principal repayment and interest, shall be in substantially equal amounts over the term of the loan, excluding the...
• Section 12894.6.
  In making loans pursuant to Section 12894.3, the department shall impose such terms and conditions as are necessary to protect the state’s investment and carry...
• Section 12894.7.
  The department shall require the payment of interest on each loan that is made pursuant to Section 12894.3 at a rate equal to the weighted...
• Section 12894.8.
  Prior approval by the voters of an eligible district of a project described in Section 12894.3 and bonds therefor shall constitute approval of a loan...

Last modified: October 22, 2018