{"code":"WAT","codeName":"Water Code","section":"13432","citation":"Wat. Code, § 13432","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. WATER QUALITY [13000. - 16201.]","url":"https://blackletter.si/water-code/division-7"},{"name":"CHAPTER 6. State Financial Assistance [13400. - 13444.]","url":"https://blackletter.si/water-code/division-7/chapter-6"},{"name":"ARTICLE 2.5. Guarantees for Local Agency Bonds [13425. - 13433.]","url":"https://blackletter.si/water-code/division-7/chapter-6/article-2.5"}],"history":"Added by Stats. 1988, Ch. 47, Sec. 1.   Effective March 18, 1988.","effective":"1988-03-18","html":"<p>The state board may charge an annual fee not to exceed one-tenth of 1 percent of the principal amount of each bond issue that it guarantees for guarantee coverage. The state board may charge a lesser amount. The proceeds of any fee shall be paid into the Clean Water Bond Guarantee Fund.</p>","text":"The state board may charge an annual fee not to exceed one-tenth of 1 percent of the principal amount of each bond issue that it guarantees for guarantee coverage. The state board may charge a lesser amount. The proceeds of any fee shall be paid into the Clean Water Bond Guarantee Fund.","otherVersions":[],"url":"https://blackletter.si/water-code/guarantees-for-local-agency-bonds-13432","source":"California Legislative Information bulk export (pubinfo)"}