Attorney General No.

17-0010

Secretary of State No.

1806

Description

Authorizes $8.877 billion in state general obligation bonds for various infrastructure projects: $3.03 billion for safe drinking water and water quality, $2.895 billion for watershed and fisheries improvements, $940 million for habitat protection, $855 million for improved water conveyance, $685 million for groundwater sustainability/storage, and $472 million for surface water storage/dam repairs. Appropriates money from General Fund to pay off bonds. Requires certain projects to provide matching funds from non-state sources; gives priority to disadvantaged communities. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: State costs of $17.3 billion to pay off principal ($8.9 billion

Proponents

Gerald H. Meral (415) 717-8412 jerrymeral@gmail.com

Date

9-20-2017

Document Type

Article

Qualified

Qualified

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