California Public Utilities Code

§ 849

PUC § 849 Effective Jan 1, 2015Div. 1 · Part 1 · Ch. 4 · Art. 5.7

Statute text

For purposes of this article, the following definitions shall apply:

(a)“Ancillary agreement” means a bond insurance policy, letter of credit, reserve account, surety bond, swap arrangement, hedging arrangement, liquidity or credit support arrangement, or other similar agreement or arrangement entered into in connection with the issuance of water rate relief bonds that is designed to promote the credit quality and marketability of the bonds or to mitigate the risk of an increase in interest rates.

(b)“Customer” means an individual, governmental body, trust, business entity, or nonprofit organization that is a customer of the qualifying water utility, has responsibility for a service address provided water service by the utility, or consumes water that has been transmitted or distributed by means of distribution facilities.

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Legislative history

Added by Stats. 2014, Ch. 482, Sec. 6. (SB 936) Effective January 1, 2015.