§ 13431 Clean Water Bond Limits

Water Code·California

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Key Takeaways

•The state won't pay more money than what's in the Clean Water Bond Guarantee Fund.
•The state won't promise to pay extra money or raise taxes if the fund runs out.
•The state won't help local agencies or bondholders with more money than what's in the fund.

Example

A city wants to build a new water treatment plant and gets a loan guaranteed by the state.

If the city can't pay back the loan, the state will only use the money in the Clean Water Bond Guarantee Fund to help. The state won't use extra money or raise taxes to cover the rest.

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

Official Source

View on CA.gov

§ 13431 Clean Water Bond Limits

Under no circumstances shall the amount paid out as a result of bond guarantees extended pursuant to this article exceed the amount in the Clean Water Bond Guarantee Fund. This article does not express or imply any commitment by the state board or any other agency of the state to pay any money or levy any charge or tax or otherwise exercise its faith and credit on behalf of any local agency or bondholder beyond the funds in the Clean Water Bond Guarantee Fund. (Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.)

Last verified: January 23, 2026

Key Terms

bond guarantees Clean Water Bond Guarantee Fund

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 13431.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References