Statute · California Water Code
Cal. Water Code § 13432 — Guarantees for Local Agency Bonds
Cal. Water Code § 13432
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Date
- 1988-03-18
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Water Code § 13432 — Guarantees for Local Agency Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.