(a) There is hereby established, within the California Water Resources Development Bond Fund, the California Water Resources Development Bond Account.

(b) Notwithstanding § 13340 of the Government Code, all moneys in the account are continuously appropriated, without regard to fiscal year, to the department and shall be available for the purposes provided in Section 12935.

Terms Used In California Water Code 12935.5

  • department: shall mean the Department of Water Resources. See California Water Code 12934
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fund: shall mean the California Water Resources Development Bond Fund created by Section 12935. See California Water Code 12934
  • State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18

(c) Pursuant to Section 80400, payments of certain credits received by the department are required to be deposited into the account. The use of the payments shall be consistent with all of the following:

(1) The payments shall be expended for a purpose that is consistent with state law.

(2) Acceptance of the payments does not impose on the state any requirement to commit or expend new state funds for any program or purpose.

(3) The need exists to expend the payments during the 2023-24 fiscal year.

(4) The use of the payments shall be consistent with the priorities described in subdivision (a) of § 38590.1 of the Health and Safety Code.

(Added by Stats. 2023, Ch. 53, Sec. 12. (SB 124) Effective July 10, 2023.)

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