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HomeWater CodeDiv. 6Pt. 6Ch. 8§ 12939 Bond Issuance For Water Projects

§ 12939 Bond Issuance For Water Projects

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

§ 12939 Bond Issuance For Water Projects

Key Takeaways

  • •The state can ask to sell bonds (like borrowing money) to pay for water projects.
  • •They don’t have to sell all the bonds at once—they can do it little by little as needed.
  • •The committee decides if selling bonds is a good idea and how much money to borrow.

Example

Imagine the state needs money to build a new dam for water storage.

Instead of taking all the money at once, they can borrow a little now to start building and borrow more later if they need it. A group of people (the committee) checks if it’s a good idea and how much to borrow.

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

Official Source
View on CA.gov

§ 12939 Bond Issuance For Water Projects

Upon the written request of the board, supported by a statement of the expenditures made and to be made for the State Water Resources Development System, the committee shall determine whether or not it is necessary or desirable to issue any bonds authorized under this chapter in order to make those expenditures and, if so, the amount of bonds then to be issued and sold. Successive issues of bonds may be authorized and sold to make those expenditures progressively and it shall not be necessary that all of the bonds herein authorized to be issued shall be sold at any one time. (Amended by Stats. 2001, Ch. 745, Sec. 232.1. Effective October 12, 2001.)

Last verified: January 23, 2026

Key Terms

State Water Resources Development Systembondssuccessive issues

Related Statutes

  • § 11700 Department Bond Issuance Authority
  • § 11707 Bondholder Protection Requirements
  • § 11723 Bond Revenue Collection Continuation
  • § 11730 Bond Form And Conditions
  • § 11732 Variable Bond Interest Rates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 12939.
View Official Source