California Water Code 13895.8 – The committee may create a debt or debts, liability or liabilities, …
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The committee may create a debt or debts, liability or liabilities, of the State of California, in an aggregate amount of one hundred million dollars ($100,000,000) in the manner provided in this chapter. The debt or debts, liability or liabilities, shall be created for the purpose of providing the money to be used for the objects and works specified in Section 13895.9.
(Added by Stats. 1986, Ch. 410, Sec. 1. Approved in Proposition 55 at the November 4, 1986, election.)
Terms Used In California Water Code 13895.8
- Committee: means the Safe Drinking Water Finance Committee created by Section 13895. See California Water Code 13895.5
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18