California 2015 2015-2016 Regular Session

California Assembly Bill AB957 Introduced / Bill

Filed 02/26/2015

 BILL NUMBER: AB 957INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Mathis FEBRUARY 26, 2015 An act to amend Section 79720 of the Water Code, relating to water. LEGISLATIVE COUNSEL'S DIGEST AB 957, as introduced, Mathis. Water Quality, Supply, and Infrastructure Improvement Act of 2014. Existing law, the Water Quality, Supply, and Infrastructure Improvement Act of 2014, approved by the voters as Proposition 1 at the November 4, 2014, statewide general election, authorizes the issuance of general obligation bonds in the amount of $7,545,000,000 to finance a water quality, supply, and infrastructure improvement program. The bond act provides that the sum of $520,000,000 is to be available, upon appropriation by the Legislature, for expenditures, grants, and loans for projects that improve water quality or help provide clean, safe, and reliable drinking water to all Californians. This bill would make nonsubstantive changes in these provisions. 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. Section 79720 of the Water Code is amended to read: 79720.  The   Upon appropriation by the Legislature from the fund, the  sum of five hundred twenty million dollars ($520,000,000) shall be available  , upon appropriation by the Legislature from the fund,  for expenditures, grants, and loans for projects that improve water quality or help provide clean, safe, and reliable drinking water to all Californians.