California Water Code

§ 13459

WAT § 13459Div. 7 · Ch. 6.1

Statute text

(a)The sum of seventy-five million dollars ($75,000,000) of the money in the fund shall be deposited in the Agricultural Drainage Water Account is appropriated for expenditure in the 1986–87 fiscal year for loans to agencies to aid in the construction of drainage water management units for the treatment, storage, or disposal of agricultural drainage water and the purposes set forth in this section. The board may loan an agency up to 100 percent of the total eligible costs of design and construction of an eligible project. Loans made in the 1986–87 fiscal year may not be authorized sooner than 30 days after notification in writing of the necessity therefor to the chairperson of the committee in each house which considers appropriations, to the policy committee of the Assembly as designated by the Speaker of the Assembly and the policy committee of the Senate designated by the Senate Rules Committee, and the Chairperson of the Joint Legislative Budget Committee.

(b)Any contract for an eligible project entered into pursuant to this section may include such provisions as determined by the board and shall include, in substance, all of the following provisions:

(1)An estimate of the reasonable cost of the eligible project.

…

Legislative history

Amended by Stats. 1988, Ch. 47, Sec. 3. Amendment approved in Proposition 83 at the November 8, 1988, election. Note: This section was added by Stats. 1986, Ch. 6, and approved in Prop. 44 on June 3, 1986.