California Water Code

§ 80134

WAT § 80134 Effective Feb 1, 2001Div. 27 · Ch. 2.5

Statute text

(a)The department shall, and in any obligation entered into pursuant to this division may covenant to, at least annually, and more frequently as required, establish and revise revenue requirements sufficient, together with any moneys on deposit in the fund, to provide all of the following:

(1)The amounts necessary to pay the principal of and premium, if any, and interest on all bonds as and when the same shall become due.

(2)The amounts necessary to pay for power purchased by it and to deliver it to purchasers, including the cost of electric power and transmission, scheduling, and other related expenses incurred by the department, or to make payments under any other contracts, agreements, or obligations entered into by it pursuant hereto, in the amounts and at the times the same shall become due.

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Legislative history

Added by Stats. 2001, 1st Ex. Sess., Ch. 4, Sec. 4. Effective February 1, 2001.