Earlier editions: 2020-112018-11
DIVISION 7. WATER QUALITY 13000-16201›CHAPTER 6. State Financial Assistance 13400-13444›ARTICLE 2.5. Guarantees for Local Agency Bonds 13425-13433
§ 13432
California Water Code · 2026-10 edition · updated 2026-10-04 · California
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.
(Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.)
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