§ 13430 Clean Water Bond Limits

Water Code·California

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Key Takeaways

•The state can only guarantee bonds up to 10 times the money in the Clean Water Bond Guarantee Fund.
•The state board decides how much money is in the fund before they agree to guarantee any bonds.
•This rule is to make sure the state doesn’t promise more money than it can actually cover.

Example

Imagine the Clean Water Bond Guarantee Fund has $1 million in it.

The state can only guarantee bonds up to $10 million because they can’t promise more than 10 times what’s in the fund.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 13430 Clean Water Bond Limits

The state board’s authorization to guarantee bonds under this article shall be limited to bonds with a total principal amount of not more than 10 times the amount in the Clean Water Bond Guarantee Fund at the time the state board determines to extend each guarantee pursuant to Section 13426. (Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.)

Last verified: January 23, 2026

Key Terms

state board Clean Water Bond Guarantee Fund Section 13426

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 13430.

Key Takeaways

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Key Takeaways

Example

Key Terms

Related Statutes

References