California § 16428.5. 16428.5. (Added by Stats. 2003, Ch. 228, Sec. 16.)

California Statutes

§ 16428.5. — 16428.5. (Added by Stats. 2003, Ch. 228, Sec. 16.)

California·Code GOV Government Code - GOV·Div. 4.·Title 2. DIVISION 4. FISCAL AFFAIRS·Part 2. PART 2. STATE FUNDS·Ch. 2. CHAPTER 2. Special Funds·Art. 9.5. ARTICLE 9.5. Ratepayer Relief Fund

Moneys in the fund shall be expended upon appropriation by the Legislature, for the benefit of ratepayers. Moneys in the fund may be appropriated for the following purposes:

(a)To finance energy litigation and investigation expenses of state entities.

(b)To reduce rates for customers in the affected service areas of electrical utilities and gas utilities.

(c)To reduce the debt service on bonds issued pursuant to Division 27 (commencing with Section 80000) of the Water Code.

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Moneys in the fund shall be expended upon appropriation by the Legislature, for the benefit of ratepayers. Moneys in the fund may be appropriated for the following purposes:
(a)
To finance energy litigation and investigation expenses of state entities.
(b)
To reduce rates for customers in the affected service areas of electrical utilities and gas utilities.
(c)
To reduce the debt service on bonds issued pursuant to Division 27 (commencing with Section 80000) of the Water Code.

California § 16428.5. (16428.5. (Added by Stats. 2003, Ch. 228, Sec. 16.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.