California Water Code

§ 80544.5

WAT § 80544.5 Effective Sep 19, 2025Div. 28 · Ch. 3

Statute text

(a)If, pursuant to subdivision (c) of Section 80524, the commission makes a just and reasonable determination with respect to that revenue requirement, the department shall, and in any obligation entered into pursuant to this division may covenant to, at least annually, and more frequently as required, allocate or cause to be allocated moneys collected pursuant to this division to provide any of the following:

(1)The amounts necessary to pay the principal of, and premium, if any, and interest on, bonds issued pursuant to paragraph (2) of subdivision (b) of Section 80540 as and when the bonds shall become due.

(2)The amounts necessary to make payments under any contracts, agreements, or obligations entered into by it pursuant hereto, in the amounts and at the times they shall become due.

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Legislative history

Added by Stats. 2025, Ch. 119, Sec. 72. (SB 254) Effective September 19, 2025. Conditionally inoperative on date prescribed by its own provisions. Repealed as of January 1 following inoperative date.