California 2013 2013-2014 Regular Session

California Senate Bill SB40 Introduced / Bill

Filed 12/10/2012

 BILL NUMBER: SB 40INTRODUCED BILL TEXT INTRODUCED BY Senator Pavley DECEMBER 10, 2012 An act relating to the Safe, Clean, and Reliable Drinking Water Supply Act of 2012. LEGISLATIVE COUNSEL'S DIGEST SB 40, as introduced, Pavley. Safe, Clean, and Reliable Drinking Water Supply Act of 2012. Existing law creates the Safe, Clean, and Reliable Drinking Water Supply Act of 2012, which, if approved by the voters, would authorize the issuance of bonds in the amount of $11,140,000,000 pursuant to the State General Obligation Bond Law to finance a safe drinking water and water supply reliability program. Existing law provides for the submission of the bond act to the voters at the November 4, 2014, statewide general election. This bill would declare the intent of the Legislature to amend the Safe, Clean, and Reliable Drinking Water Supply Act of 2012 for the purpose of reducing and potentially refocusing the $11,140,000,000 bond. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to amend the Safe, Clean, and Reliable Drinking Water Supply Act of 2012 for the purpose of reducing and potentially refocusing the $11,140,000,000 bond.