California Water Code

§ 13426

WAT § 13426 Effective Jan 1, 2016Div. 7 · Ch. 6 · Art. 2.5

Statute text

The state board, subject to approval by the Director of Finance, may agree to provide a guarantee pursuant to this article for all or a specified part of the proposed local agency bond issue upon making all of the following determinations:

(a)The facilities proposed by an applicant are necessary to the health or welfare of the inhabitants of the state and are consistent with water quality control plans adopted by regional boards.

(b)The proposed facilities meet the needs of the applicant.

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Legislative history

Amended by Stats. 2015, Ch. 673, Sec. 34. (AB 1531) Effective January 1, 2016.