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CA SB699
Bill
AI Summary
- Extends the San Francisco Bay Area Regional Water System Financing Authority's authority to issue revenue bonds from December 31, 2020 to December 31, 2030
- Extends the repeal date of the Wholesale Regional Water System Security and Reliability Act from January 1, 2022 to January 1, 2026, continuing oversight requirements for capital improvement projects
- Allows the authority to issue revenue bonds through a two-thirds vote of the board after public notice and hearing, without requiring voter approval
- Applies to the City and County of San Francisco and the regional water system serving San Francisco and portions of Alameda, San Mateo, and Santa Clara counties
- Specifies that no state reimbursement is required because local agencies have authority to levy service charges and fees to fund the mandated program
Legislative Description
San Francisco Bay Area regional water system.
Last Action
Chaptered by Secretary of State. Chapter 214, Statutes of 2019.
8/30/2019
Committee Referrals
Appropriations7/3/2019
Local Government6/3/2019
Appropriations4/25/2019
Governance and Finance4/3/2019
Rules2/22/2019
Full Bill Text
No bill text available