California Water Code

§ 81023

WAT § 81023 Effective Jul 22, 2021Div. 30 · Part 2

Statute text

(a)Consistent with Division 26.7 (commencing with Section 79700), the sum of three million dollars ($3,000,000) of the proceeds of bonds authorized to be issued and available for the purposes of Section 79746 shall be transferred to the fund and used by the department, upon appropriation, for loans for water conservation and water use efficiency projects and programs to achieve urban water use targets developed pursuant to Section 10608.20.

(b)The department may implement this section by providing to a local agency a zero-interest loan.

(c)A local agency that receives a loan pursuant to this section shall exercise reasonable efforts to recover the costs of the loan. However, the department may waive up to 10 percent of the repayment amount for costs that could not be recovered by the local agency.

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Legislative history

Amended by Stats. 2021, Ch. 115, Sec. 98. (AB 148) Effective July 22, 2021.