CHAPTER 6.1. Water Conservation and Water Quality Bond Law of 1986 [13450. - 13469.]
Chapter 6.1 added by Stats. 1986, Ch. 6, Sec. 1.
§§ 13450–13469 · 22 sections
- § 13450 This chapter shall be known and may be cited as the Water Conservation and Water Quality Bond Law of 1986.
- § 13451 The Legislature finds and declares all of the following: (a) An abundant supply of clean water is essential to the public health, safety, and welfare. (b) An…
- § 13452 As used in this chapter, and for purposes of this chapter, as used in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part…
- § 13453 There is hereby created the 1986 Water Conservation and Water Quality Bond Fund in the State Treasury. There shall be established in the fund a Water…
- § 13454 (a) There is a Water Conservation and Water Quality Finance Committee consisting of the Governor or the Governor’s designated representative, the Controller,…
- § 13455 (a) The committee may create a debt or debts, liability or liabilities, of the State of California in the aggregate amount of one hundred fifty million dollars…
- § 13456 All bonds which have been duly sold and delivered constitute valid and legally binding general obligations of the State of California, and the full faith and…
- § 13457 The State General Obligation Bond Law is adopted for the purpose of the issuance, sale, and repayment of, and other matters with respect to, the bonds…
- § 13458 (a) The sum of seventy-five million dollars ($75,000,000) of the money in the fund shall be deposited in the Water Conservation and Groundwater Recharge…
- § 13459 (a) The sum of seventy-five million dollars ($75,000,000) of the money in the fund shall be deposited in the Agricultural Drainage Water Account is…
- § 13459.5 Unallocated money remaining in the Agricultural Drainage Water Account in the 1986 Water Conservation and Water Quality Bond Fund on November 6, 1996, and any…
- § 13460 Money deposited in the fund pursuant to any provision of law requiring repayments to the state for assistance financed by the proceeds of the bonds authorized…
- § 13461 There is hereby appropriated from the General Fund, for the purpose of this chapter, an amount equal to the sum of the following: (a) The amount necessary…
- § 13462 For the purpose of carrying out this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of amounts not to…
- § 13462.5 Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of…
- § 13463 Upon request of the department or the board, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized under this…
- § 13464 The committee may authorize the Treasurer to sell all, or any part, of the bonds at times fixed by the Treasurer.
- § 13465 Notwithstanding Sections 13458 and 13459, the committee may prescribe further terms and conditions for loan contracts to authorize a deferment on payment of…
- § 13466 For the 1987–88 fiscal year and each year thereafter, a loan may be made by the department only upon the specific approval of the Legislature, by an act…
- § 13467 Notwithstanding any other law, thirteen million five hundred thousand dollars ($13,500,000) of the unissued bonds authorized for the purposes of subdivision…
- § 13468 It is the intent of language in Section 13998.8(i)(3), Section 13999.10(d), and Section 13999.11(d) of the Water Code which was enacted by the voters in the…
- § 13469 If any provision of this chapter or the application thereof to any person or circumstance is held invalid, that invalidity shall not affect other provisions or…