California Water Code 79582 – (a) Solely for the purpose of authorizing the issuance and sale, …
(a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this division, the Water Security, Clean Drinking Water, Coastal and Beach Protection Act of 2002 Finance Committee is hereby created. For purposes of this division, the Water Security, Clean Drinking Water, Coastal and Beach Protection Act of 2002 Finance Committee is “the committee” as that term is used by the State General Obligation Bond Law. The committee shall consist of the Controller, the Director of Finance, and the Treasurer, or their designated representatives. The Treasurer shall serve as chairperson of the committee. A majority of the committee may act for the committee.
(b) For purposes of this chapter and the State General Obligation Bond Law, the secretary is designated as “the board.”
Terms Used In California Water Code 79582
- Board: means the State Water Resources Control Board. See California Water Code 79505
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Secretary: means the Secretary of the Resources Agency. See California Water Code 79505
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18
(Added November 5, 2002, by initiative Proposition 50.)