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HomeWater CodeDiv. 6Pt. 3Ch. 3Art. 2§ 11455 Water Project Revenue Requirements

§ 11455 Water Project Revenue Requirements

Water Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 11455 Water Project Revenue Requirements

This law says the department must set prices and charges high enough to cover all costs of running and fixing the works, plus pay back any loans and interest on time.

Key Takeaways

  • •The department must make sure prices cover all costs.
  • •This includes running costs, repairs, and loan payments.
  • •Prices must be set so there's always enough money.

Example

Imagine a water treatment plant that needs money to run and fix its equipment.

The department must set water prices so that the money collected covers the cost of running the plant, fixing broken parts, and paying back any loans used to build the plant.

How to Calculate

Not explicitly provided in the statute.

  1. Determine the total cost of running and maintaining the works.
  2. Add the cost of necessary repairs and replacements.
  3. Include the amount needed to pay back loans and interest.
  4. Set prices and charges to cover all these costs.

A water treatment plant has the following costs:

Result: The department must set prices to collect at least $1,000,000 per year to cover all costs.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 11455 Water Project Revenue Requirements

The department shall enter into such contracts and fix and establish such prices, rates, and charges so as at all times to provide revenue which will afford sufficient funds to pay all costs of operation and maintenance of the works authorized by this part, together with necessary repairs and replacements thereto, and which will provide at all times sufficient funds for redemption of all bonds and payment of interest thereon, as and when such costs and charges become due and payable. (Amended by Stats. 1957, Ch. 1932.)

Last verified: January 11, 2026

Key Terms

contractsprices, rates, and chargesrevenuecosts of operationmaintenancerepairsreplacementsredemption of all bondspayment of interest

Related Statutes

  • § 11451 Project Operations And Revenue
  • § 11454 Project Resource Pricing Authority
  • § 10630 Water Management Planning Levels
  • § 10630.5 Water Agency Plan Summary
  • § 10631 Urban Water Management Plans

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11455.
View Official Source