Water Code section 138.12

(a)

Except as otherwise provided in a general obligation bond act, the maximum amount that may be allocated for administrative expenses shall not exceed 5 percent of the total amount of funds that the department is required to administer and that are derived from a general obligation bond act that is approved on or after January 1, 2007.

(b)

The maximum amount that may be allocated for administrative expenses shall not exceed 5 percent of the total amount of funds that result from the sale of revenue bonds by the department.

Source: Section 138.12, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=138.­12.­ (updated Jan. 1, 2007; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 138.12's source at ca​.gov