California Water Code

§ 13432

WAT § 13432 Effective Mar 18, 1988Div. 7 · Ch. 6 · Art. 2.5

Statute text

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.

Legislative history

Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.