There is hereby created within the Water Resources Construction Fund an account to be known as the "Emergency Water Resources Account," the proceeds of which shall be used exclusively for the development of emergency water resources.
The authority has general supervisory and regulatory power, jurisdiction, and control over all public utilities, and also over their property, property rights, facilities, and franchises, so far as may be necessary for the purpose of carrying out the provisions of this chapter. However, such general supervisory and regulatory power and jurisdiction and control shall not apply to street railway companies.
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