BlackletterCalifornia law

CHAPTER 4.7. Water Conservation Bond Law of 1988

Chapter 4.7 added by Stats. 1988, Ch. 46, Sec. 1.

§§ 12879–12879.17 · 19 sections

  1. ARTICLE 1. General Provisions §§ 12879–12879.2 · 3 sections
    • § 12879 This chapter shall be known and may be cited as the Water Conservation Bond Law of 1988.
    • § 12879.1 The Legislature finds and declares as follows: (a) There is a lack of local water projects in certain areas of the state where the demands of a growing…
    • § 12879.2 As used in this chapter, the following terms have the following meanings: (a) “Committee” means the Water Conservation Finance Committee created pursuant to…
  2. ARTICLE 2. Water Conservation Program §§ 12879.3–12879.6 · 4 sections
    • § 12879.3 (a) The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the 1988 Water Conservation Fund, which is hereby created. A Local…
    • § 12879.4 (a) The department may make loans to local agencies, upon approval of the Legislature by statute, to aid in the construction of eligible projects and to aid in…
    • § 12879.5 (a) The sum of twenty million dollars ($20,000,000) of the money in the fund shall be deposited in the Local Water Projects Assistance Account and shall be…
    • § 12879.6 (a) The sum of forty million dollars ($40,000,000) of the money in the fund shall be deposited in the Water Conservation and Groundwater Recharge Account and…
  3. ARTICLE 3. Fiscal Provisions §§ 12879.7–12879.17 · 12 sections
    • § 12879.7 Bonds in the total amount of fifty-four million seven hundred sixty-five thousand dollars ($54,765,000), exclusive of refunding bonds issued pursuant to…
    • § 12879.8 The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
    • § 12879.9 (a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter,…
    • § 12879.10 The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions…
    • § 12879.11 There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the…
    • § 12879.12 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
    • § 12879.13 For the purposes of carrying out this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of an amount or…
    • § 12879.135 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…
    • § 12879.14 All money deposited in the fund which is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for…
    • § 12879.15 Any bonds issued and sold pursuant to this chapter may be refunded by the issuance of refunding bonds in accordance with Article 6 (commencing with Section…
    • § 12879.16 The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the…
    • § 12879.17 The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that…