California Water Code 80506 – As used in this division, unless the context otherwise requires, the …
As used in this division, unless the context otherwise requires, the following terms have the following meanings:
(a) “Administrator” has the same meaning as defined in § 3280 of the Public Utilities Code.
Terms Used In California Water Code 80506
- Bonds: means bonds, notes, or other evidences of indebtedness issued solely for purposes of supporting the Wildfire Fund and other related expenses incurred by the department pursuant to this division, or for reimbursing expenditures from the fund or the Wildfire Fund for those purposes. See California Water Code 80506
- Commission: means the Public Utilities Commission. See California Water Code 80506
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fund: means the Department of Water Resources Charge Fund established by Section 80550. See California Water Code 80506
(b) “Bonds” means bonds, notes, or other evidences of indebtedness issued solely for purposes of supporting the Wildfire Fund and other related expenses incurred by the department pursuant to this division, or for reimbursing expenditures from the fund or the Wildfire Fund for those purposes; repaying to the Surplus Money Investment Fund any loans made to the Wildfire Fund; establishing or maintaining reserves in connection with the bonds; costs of issuance of bonds or incidental to their payment or security; capitalized interest; or renewing or refunding any bonds.
(c) “Commission” means the Public Utilities Commission.
(d) “Electrical corporation” means a large electrical corporation, as defined in § 3280 of the Public Utilities Code, that participates in the Wildfire Fund.
(e) “Fund” means the Department of Water Resources Charge Fund established by Section 80550.
(f) “Wildfire Fund” has the same meaning as defined in § 3280 of the Public Utilities Code.
(Added by Stats. 2019, Ch. 79, Sec. 22. (AB 1054) Effective July 12, 2019.)