BlackletterCalifornia law

Water Code § 13432

ARTICLE 2.5. Guarantees for Local Agency Bonds

Current as of September 28, 2026Wat. Code, § 13432Official source ↗

Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.

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.