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HomeWater CodeDiv. 7Ch. 17Art. 2§ 14057 Clean Water Bond Transfers

§ 14057 Clean Water Bond Transfers

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

§ 14057 Clean Water Bond Transfers

Key Takeaways

  • •The state sets aside $10 million to help local agencies get loans for clean water projects.
  • •This money acts like a promise to pay back the loans if the local agency can't.
  • •If the money isn't used for loans by 1990, it can be moved to another fund for clean water projects.

Example

A small town wants to build a new water treatment plant but needs a loan to pay for it.

The state uses this $10 million as a backup promise to the bank. If the town can't pay back the loan, the state will cover it. This makes it easier for the town to get the loan.

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

Official Source
View on CA.gov

§ 14057 Clean Water Bond Transfers

The sum of ten million dollars ($10,000,000) of the money in the fund shall be available for transfer by the board to the Clean Water Bond Guarantee Fund and shall be available to the board to guarantee local agency bond issues pursuant to Article 2.5 (commencing with Section 13425) of Chapter 6. After January 1, 1990, the board may transfer any funds in the Clean Water Bond Guarantee Fund which have not been committed to guaranteeing local agency bond issues to the 1988 Clean Water and Water Reclamation Fund. (Added by Stats. 1988, Ch. 47, Sec. 2. Approved in Proposition 83 at the November 8, 1988, election.)

Last verified: January 23, 2026

Key Terms

Clean Water Bond Guarantee Fundlocal agency bond issues1988 Clean Water and Water Reclamation Fund

Related Statutes

  • § 14055 Clean Water Bond Funds
  • § 14056 Small Community Wastewater Grants
  • § 14058 Water Reclamation Project Funding
  • § 14059 Bond Administration Funding Limit
  • § 14060 Water Reclamation Studies Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 14057.
View Official Source