California Water Code

§ 81658

WAT § 81658 Effective Jan 1, 2003Div. 31.7 · Ch. 4 · Art. 2

Statute text

(a)The proceeds of revenue bonds issued by the authority in accordance with this division may be used only on projects designed and intended in substantial part to improve the reliability of the regional water system, including, but not limited to, strengthening the system’s ability to withstand seismic events.

(b)The proceeds shall be made available for the purposes set forth in subdivision (a) upon terms and conditions that the board determines necessary and appropriate. The terms and conditions shall include, but are not limited to, San Francisco’s entering into one or more legally binding contracts with the authority that, at a minimum, do all of the following:

(1)Identify specific projects and proposed completion dates, subject to reasonable delays, for which the proceeds are to be used.

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Legislative history

Added by Stats. 2002, Ch. 849, Sec. 1. Effective January 1, 2003.