Water Code section 13432

The state board may charge an annual fee not to exceed one-tenth of 1 percent of the principal amount of each bond issue that it guarantees for guarantee coverage. The state board may charge a lesser amount. The proceeds of any fee shall be paid into the Clean Water Bond Guarantee Fund.

Source: Section 13432, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=13432. (updated Mar. 18, 1988; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 13432's source at ca.gov

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Location: https://california.public.law/codes/water_code_section_13432

Original Source: Section 13432, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=13432. (last accessed May 12, 2025).