The committee is hereby empowered to create a debt or debts, liability or liabilities, of the State of California, in an aggregate amount of one hundred seventy-two million five hundred thousand dollars ($172,500,000) in the manner provided in this chapter. This debt or debts, liability or liabilities, shall be created for the purpose of providing the fund to be used for the objects and works specified in Section 13861.

(Amended by Stats. 2012, Ch. 39, Sec. 120. (SB 1018) Effective June 27, 2012. Note: This section was added by Stats. 1975, Ch. 1008, and approved in Prop. 3 on June 8, 1976.)

Terms Used In California Water Code 13860

  • Committee: means the Safe Drinking Water Finance Committee, created by Section 13858. See California Water Code 13857
  • Fund: means the California Safe Drinking Water Fund. See California Water Code 13857
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18
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