California Water Code CHAPTER 8 - Water Resources Development Bonds

• Section 12930.
  This chapter shall be known and may be cited as the California Water Resources Development Bond Act.(Added by Stats. 1959, Ch. 1762.)
• Section 12931.
  The object of this chapter is to provide funds to assist in the construction of a State Water Resources Development System for the State of...
• Section 12932.
  Insofar as it is not inconsistent with the express provisions of this chapter, the State General Obiligation Bond Law (Chapter 4 (commencing at Section 16720)...
• Section 12933.
  There is hereby created a California Water Resources Development Finance Committee composed of the Governor, the State Treasurer, the State Controller, Director of Finance and...
• Section 12934.
  As used in this chapter and for the purposes of this chapter as used in the State General Obligation Bond Law, the following words shall...
• Section 12935.
  For the purpose of creating a fund, herein designated the California Water Resources Development Bond Fund, to provide for the acquisition, construction and completion of...
• Section 12936.
  All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations of the...
• Section 12937.
  The ways and means for the payment of the interest on and the principal of such bonds shall be as follows:(a) There shall be collected annually...
• Section 12938.
  All proceeds from the sale of the bonds herein authorized shall be deposited in the fund as provided in Section 16757 of the Government Code...
• Section 12938.1.
  The provisions of Article 2 (commencing with Section 13320) of Chapter 3, Part 3, Division 3, Title 2 of the Government Code are applicable to...
• Section 12938.2.
  The Department of Finance shall identify in the annual Governor’s Budget the proposed revenues and expenditures for the four purposes identified in subdivision (b) of...
• Section 12938.3.
  Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3...
• Section 12939.
  Upon the written request of the board, supported by a statement of the expenditures made and to be made for the State Water Resources Development...
• Section 12940.
  If any resolution determining that the sale of all or any part of the bonds herein authorized is necessary or desirable, the committee may in...
• Section 12941.
  In computing the net interest cost under Section 16754 of the Government Code, the committee may determine that interest shall be computed either from the...
• Section 12942.
  The committee may authorize the State Treasurer to sell all or any part of the bonds herein authorized at such date or dates as may...
• Section 12944.
  (a) In the operation of reservoirs, other than terminal reservoirs from which water is supplied for domestic use without purification treatment after withdrawal from such reservoirs,...

Last modified: October 22, 2018