California Water Code

§ 80550

WAT § 80550 Effective Jan 1, 2020Div. 28 · Ch. 4

Statute text

(a)There is hereby established in the State Treasury the Department of Water Resources Charge Fund. Notwithstanding Section 13340 of the Government Code, all moneys in the fund are continuously appropriated, without regard to fiscal year, to the department and shall be available for the purposes of this division.

(b)All revenues payable to the department under this division, including proceeds of bonds issued pursuant to Chapter 3 (commencing with Section 80540), shall be deposited in the fund. Notwithstanding any other law, interest accruing on the moneys in the fund shall be deposited in the fund and shall be used for purposes of this division. Payments from the fund may be made only for the following purposes:

(1)Payment of any bonds or other contractual obligations authorized by this division.

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Legislative history

Amended by Stats. 2019, Ch. 396, Sec. 57. (AB 1513) Effective January 1, 2020.