California Water Code 13432 – The state board may charge an annual fee not to exceed one-tenth of 1 …
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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.)
Terms Used In California Water Code 13432
- Fund: means the State Water Quality Control Fund. See California Water Code 13400
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18
- State board: means the State Water Resources Control Board. See California Water Code 13050