CHAPTER 8. Water Resources Development Bonds
Chapter 8 added by Stats. 1959, Ch. 1762.
§§ 12930–12944 · 18 sections
- § 12930 This chapter shall be known and may be cited as the California Water Resources Development Bond Act.
- § 12931 The object of this chapter is to provide funds to assist in the construction of a State Water Resources Development System for the State of California. Said…
- § 12932 Insofar as it is not inconsistent with the express provisions of this chapter, the State General Obiligation Bond Law (Chapter 4 (commencing at Section 16720)…
- § 12933 There is hereby created a California Water Resources Development Finance Committee composed of the Governor, the State Treasurer, the State Controller,…
- § 12934 As used in this chapter and for the purposes of this chapter as used in the State General Obligation Bond Law, the following words shall have the following…
- § 12935 For the purpose of creating a fund, herein designated the California Water Resources Development Bond Fund, to provide for the acquisition, construction and…
- § 12935.5 (a) There is hereby established, within the California Water Resources Development Bond Fund, the California Water Resources Development Bond Account. (b)…
- § 12936 All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations…
- § 12937 The ways and means for the payment of the interest on and the principal of such bonds shall be as follows: (a) There shall be collected annually in the same…
- § 12938 All proceeds from the sale of the bonds herein authorized shall be deposited in the fund as provided in Section 16757 of the Government Code and shall be…
- § 12938.1 The provisions of Article 2 (commencing with Section 13320) of Chapter 3, Part 3, Division 3, Title 2 of the Government Code are applicable to the department…
- § 12938.2 The Department of Finance shall identify in the annual Governor’s Budget the proposed revenues and expenditures for the four purposes identified in subdivision…
- § 12938.3 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…
- § 12939 Upon the written request of the board, supported by a statement of the expenditures made and to be made for the State Water Resources Development System, the…
- § 12940 If any resolution determining that the sale of all or any part of the bonds herein authorized is necessary or desirable, the committee may in its discretion…
- § 12941 In computing the net interest cost under Section 16754 of the Government Code, the committee may determine that interest shall be computed either from the date…
- § 12942 The committee may authorize the State Treasurer to sell all or any part of the bonds herein authorized at such date or dates as may be fixed by the State…
- § 12944 (a) In the operation of reservoirs, other than terminal reservoirs from which water is supplied for domestic use without purification treatment after…