Monday, October 13, 2014

Background on Prop 1

Authorizes $7.12 billion in general obligation bonds for state water supply infrastructure projects, such as surface and groundwater storage; ecosystem and watershed protection and restoration; drinking water protection; water supply management; water recycling and advanced water treatment technology; and flood control. Reallocates $425 million of unused bond authority from prior water bond acts, for same purposes.Appropriates money from the General Fund to pay off bonds.Requires certain projects to provide matching funds from non-state sources in order to receive bond funds.

No comments:

Post a Comment