California § 138.12. 138.12. (Added by Stats. 2006, Ch. 831, Sec. 1.)

California Statutes

§ 138.12. — 138.12. (Added by Stats. 2006, Ch. 831, Sec. 1.)

California·Code WAT Water Code - WAT·Div. 1. DIVISION 1. GENERAL STATE POWERS OVER WATER·Ch. 2. CHAPTER 2. State Administration Generally·Art. 1. ARTICLE 1. Department of Water Resources

(a)Except as otherwise provided in a general obligation bond act, the maximum amount that may be allocated for administrative expenses shall not exceed 5 percent of the total amount of funds that the department is required to administer and that are derived from a general obligation bond act that is approved on or after January 1, 2007.

(b)The maximum amount that may be allocated for administrative expenses shall not exceed 5 percent of the total amount of funds that result from the sale of revenue bonds by the department.

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
Except as otherwise provided in a general obligation bond act, the maximum amount that may be allocated for administrative expenses shall not exceed 5 percent of the total amount of funds that the department is required to administer and that are derived from a general obligation bond act that is approved on or after January 1, 2007.
(b)
The maximum amount that may be allocated for administrative expenses shall not exceed 5 percent of the total amount of funds that result from the sale of revenue bonds by the department.

California § 138.12. (138.12. (Added by Stats. 2006, Ch. 831, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.