Notwithstanding § 13340 of the Government Code, there is hereby appropriated from the General Fund, for purposes of this division, an amount that will equal the total of the following:

(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this division, as the principal and interest become due and payable.

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Terms Used In California Water Code 79585

  • Fund: means the Water Security, Clean Drinking Water, Coastal and Beach Protection Fund of 2002 created pursuant to Section 79510. See California Water Code 79505

(b) The sum which is necessary to carry out the provisions of Section 79586, appropriated without regard to fiscal years.

(Added November 5, 2002, by initiative Proposition 50.)