reglab/statecodes huggingface dataset:
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 6 - Acquisition and Disposal of Property › ARTICLE 2 - Eminent Domain Proceedings › Section 11586.

11586. Where any water or property mentioned in Section 11584 has, prior to July 1, 1933, been filed on, appropriated, or dedicated to a public use by any state agency and the use proposed to be made thereof by the department is consistent with the continuance of the use thereof by the state agency for its purposes, the right to use such property for the purposes proposed by the department is common and consistent with the use being made thereof by the state agency and may be acquired by eminent domain.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 6 - Acquisition and Disposal of Property › ARTICLE 2 - Eminent Domain Proceedings › Section 11588.

11588. Whenever the right of occupancy of any person upon national forest or national park lands is terminated because of the construction of the project, the department shall, in connection with the construction of the project, acquire, by purchase or condemnation, any buildings or improvements constructed upon such lands by the person. In any such purchase or condemnation proceedings, the department shall pay the value of the improvements in place as the value existed prior to revocation of the federal permit or their replacement cost, less depreciation, whichever is lesser.
This section is not applicable to improvements located on right-of-way across national forest or national park lands.
(Added by Stats. 1965, Ch. 1570.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 6 - Acquisition and Disposal of Property › ARTICLE 3 - Acquiring Facilities of Public Utilities and State Agencies › Section 11590.

11590. The department has no power to take or destroy the whole or any part of the line or plant of any common carrier railroad, other public utility, or state agency, or the appurtenances thereof, either in the construction of any dam, canal, or other works, or by including the same within the area of any reservoir, unless and until the department has provided and substituted for the facilities to be taken or destroyed new facilities of like character and at least equal in usefulness with suitable adjustment for any increase or decrease in the cost of operating and maintenance thereof, or unless and until the taking or destruction has been permitted by agreement executed between the department and the common carrier, public utility, or state agency.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 6 - Acquisition and Disposal of Property › ARTICLE 3 - Acquiring Facilities of Public Utilities and State Agencies › Section 11591.

11591. The expense of the department in complying with the requirements of this article is part of the cost of constructing the project.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 6 - Acquisition and Disposal of Property › ARTICLE 3 - Acquiring Facilities of Public Utilities and State Agencies › Section 11592.

11592. In the event the department and any common carrier railroad, other public utility, or state agency fail to agree as to the character or location of new facilities to be provided as required in this article, the character and location of the new facilities and any other controversy concerning requirements imposed by this chapter shall be submitted to and determined and decided by the Public Utilities Commission of the State.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 6 - Acquisition and Disposal of Property › ARTICLE 4 - Disposition of Property › Section 11595.

11595. Subject to the provisions of Section 11464, the department may do any of the following:
(a) Sell or otherwise dispose of any rights of way, easements, or property when it determines than they are no longer needed for the purposes of this part.
(b) Lease or rent rights of way, easements, or property.
(c) Take, receive, and apply for the purposes and objects of this part the income, profit, and revenue received from the sale, lease, rental, or other disposal.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 1 - General Provisions › Section 11625.

11625. Any state agency, mutual water company, political subdivision, or other entity or organization may enter into contracts with the department for the purchase or for the use of water, water flow, water storage, electric power, or other resources and facilities made available by the project.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 1 - General Provisions › Section 11626.

11626. In entering into and awarding contracts, in case of equal or equivalent offers, including consideration of the cost of construction, operation, and maintenance of the necessary lines, plants, and other works to deliver the commodity or service which is to be delivered under the contracts, the department shall grant preference to state agencies or other organizations not organized or doing business for profit but primarily for the purpose of supplying water or electric power to their own citizens or members.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 1 - General Provisions › Section 11627.

11627. Every contract made by the department for the sale of water, use of water, water storage, electric power, or other service shall provide that, in the event of any default in the payment of any money specified in the contract to be paid to the department, the department may, upon such notice as it determines, cease to furnish or deliver water, use of water, water storage, electric power, or other service under the contract.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 1 - General Provisions › Section 11628.

11628. The act of the department in ceasing on any default to furnish or deliver water, use of water, water storage, electric power, or other service under a contract shall not deprive the department of or limit any remedy provided by the contract or by law for the recovery of money due or which may become due under the contract.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11650.

11650. In case of the award by the department of any contract or lease to any state agency for the furnishing of water, the use of water, water storage, electric power, or other service, upon demand made therefor by such state agency, the department shall construct, acquire, or otherwise provide the necessary works and facilities for transmitting the water, electric power, or other service to a central point from which the water, electric power, or other service may be most conveniently distributed within the territory to be served under the contract or lease.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11651.

11651. The governing body charged with the levying of taxes or assessments in any state agency which contracts to purchase from the department any water, use of water, water storage, electric power, or other service shall provide for the punctual payment to the department of all amounts which become due under the contract.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11652.

11652. The governing body shall, whenever necessary, levy upon all property in the state agency not exempt from taxation, a tax or assessment sufficient to provide for all payments under the contract then due or to become due within the then current fiscal year or within the following fiscal year before the time when money will be available from the next general tax levy.
(Amended by Stats. 1968, Ch. 22.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11653.

11653. All officers of any State agency charged with the collection of the taxes or assessments levied by the State agency shall enforce and collect all taxes or assessments levied or assessed for the purpose of providing payment of the money due or to become due under a contract as provided in this article.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11654.

11654. All money collected for taxes or assessments under this article shall be kept in a separate fund by the treasurer or other officer of the state agency charged with the safekeeping and disbursement of funds of the state agency, and, upon the written demand of the department, the treasurer or other officer shall pay over to the department all such money in his possession or control and the money shall be applied by the department to the satisfaction of the amount due under the contract.
(Amended by Stats. 1957, Ch. 1132.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11655.

11655. In the event of failure, neglect, or refusal of any officer of any state agency to levy any tax or assessment necessary to provide payment by the state agency under any contract with the department, to enforce or to collect the tax or assessment, or to pay over to the department any money collected on the tax or assessment the department may take such action in a court of competent jurisdiction as it deems necessary to compel the performance in their proper sequence of all duties relating to the levying and collection of the taxes or assessments and the payment of the money collected therefrom to the department.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 2 - Contracts with State Agencies › Section 11656.

11656. The use by the department of any remedy specified in this article for the enforcement of any contract made with it is not exclusive and shall not deprive the department of, or limit the application of, any other remedy provided by law.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies › Section 11661.

11661. In addition to the powers conferred by law, and not in derogation or in limitation thereof, any state agency may enter into and execute appropriate contracts with the department for any and all the purposes and objects of this part.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies › Section 11661.1.

11661.1. The department may agree in a contract with a state agency or department of a state agency that payments to be made under a contract for joint development of water conveyance and hydroelectric facilities on the west branch of the California Aqueduct shall be made only from funds under the management and control of the state agency or department of a state agency derived from revenues from the sale of electric energy and are not to be made from funds derived from the levy of taxes upon taxable property within the state agency. The provisions of Sections 11652 to 11655, inclusive, shall not be applicable to contracts containing such a provision.
(Added by Stats. 1971, Ch. 758.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies › Section 11662.

11662. Any State agency may comply with the terms, provisions, and conditions of any contract entered into by it pursuant to this article.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies › Section 11663.

11663. Any state agency may, in or pursuant to a contract with the department, do any or all of the following:
(a) Provide in the contract for the segregation and allocation of any or all revenues received by the state agency from the sale, use or distribution of any water, use of water, electric power, or other facilities to be received, used, or distributed by the state agency under the contract.
(b) Pursuant to the contract, segregate, allocate, and devote such revenues solely for the purpose of making payments to the department for water, use of water, electric power, or other facilities to be received, used, or distributed under the contract.
(c) Provide in the contract for the pledge of any or all such revenues for the purpose of securing to the department any payments which may become due under the contract.
(d) Pursuant to the contract, pledge such revenues for the purpose of securing to the department any payments which may become due under the contract.
(e) Promise and agree to establish and maintain a special account to be created in and from its general fund or other appropriate fund.
(f) Pursuant to subdivision (e) create, establish, and maintain such special account.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies › Section 11664.

11664. All funds accruing to a special account established pursuant to the next preceding section, or deposited therein, in compliance with the terms and provisions of any contract with the department constitute a trust fund for the purpose of making payments to the department as provided in the contract.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 4 - Contracts Other Than With State Agencies › Section 11670.

11670. Any contract or lease made by the department with any person, other than a state agency, providing for the furnishing by the department of water, the use of water, water storage, electric power, or other service for resale shall be subject to cancellation by the department upon five years’ notice, and such a contract or lease shall be so canceled in whole or in part whenever the State or any financially responsible state agency makes application for the water, use of water, water storage, electric power, or other service, or any part thereof, covered by the contract or lease and enters into a contract or lease binding itself to take the water, use of water, water storage, electric power, or other service, or any part thereof, and pay for it at a rate or price at least equal to that specified in the contract or lease to be canceled and for a period at least equal to the unexpired portion of the term of such contract or lease.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 7 - Contracts › ARTICLE 4 - Contracts Other Than With State Agencies › Section 11671.

11671. The department shall not cancel any contract or lease under the next preceding section unless and until it first determines and assures itself that notwithstanding the cancellation, it will receive and be paid a total revenue or consideration at least equal to that which would be received by it were the contract or lease not canceled, and within the unexpired portion of the term of the contract or lease.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 1 - Authorization to Issue and Reduction of Aggregate Amount › Section 11700.

11700. For the purpose of providing money and funds to pay the cost and expense of carrying out any of the objects and purposes of this part, the department may, from time to time, issue bonds. As used in this chapter, “bonds” means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter.
(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 1. Effective June 6, 1991.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 1 - Authorization to Issue and Reduction of Aggregate Amount › Section 11701.

11701. Whenever the department determines that it is necessary to carry out any of the objects and purposes of this part, it shall prepare preliminary cost estimates, an estimate of the amount required to be raised for those purposes by the issuance of bonds, and a statement of the probable amount of money, property, materials, or labor, if any, to be contributed from other sources in aid thereof, and shall adopt a resolution declaring that the public interest and necessity require the carrying out of those objects and purposes and authorizing the issuance of bonds for the purpose of obtaining funds in an amount not in excess of that estimated to be required for those purposes.
(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 2. Effective June 6, 1991.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11705.

11705. Bonds shall be issued in the name of the department and shall constitute obligations only of the department and shall be identified as Central Valley Project revenue bonds.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11706.

11706. Any provisions not inconsistent with this part may be contained in the proceedings authorizing the issuance of bonds which limit, restrict, or regulate the holding, deposit, investment, and application of money consisting of the proceeds from the sale of the bonds or the revenues received from the operation of the project, and such provisions shall constitute a contract with the holders of the bonds and be binding upon the department as long as the bonds are outstanding. The proceedings authorizing the issuance of bonds may also contain any provisions not inconsistent with this part which are determined by the department and the Treasurer to be necessary or desirable to improve the marketability of the bonds or lower the interest cost on the bonds to the department.
(Amended by Stats. 1986, Ch. 719, Sec. 1.5. Effective September 15, 1986.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11707.

11707. While any bonds remain outstanding, the powers, duties or existence of the department or any official or agency of the State shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of the bonds.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11708.

11708. The holder of any bond may by mandamus or other appropriate proceedings require and compel the performance of any of the duties imposed upon any state department, official, or employee in connection with any of the following:
(a) The construction of the project.
(b) The collection, deposit, application, and disbursement of all revenues derived from the operation and use of the project.
(c) The deposit and disbursement of the proceeds received from the sale of bonds.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11709.

11709. The enumeration of rights and remedies in the next preceding section does not exclude the exercise or prosecution of any other rights or remedies by holders of bonds.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11710.

11710. The department may contract loans and borrow money from the United States through the sale of bonds upon such conditions and terms as may be agreed to and such bonds shall be subject to all the provisions of this part except the requirement that bonds be first offered at public sale pursuant to advertisement.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11711.

11711. Temporary or interim bonds, certificates, or receipts, of any denominations and with or without coupons attached thereto, signed by the director, may be issued and delivered until the definitive bonds are executed and available for delivery.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11712.

11712. The purchase price of bonds shall be paid for the account of the department to the Treasurer or the designee of the Treasurer.
(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 3. Effective June 6, 1991.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11713.

11713. Notwithstanding anything otherwise provided in this part, any expense incurred by the department for advertising, engraving, printing, clerical, legal, or other services necessary to properly perform the services and duties relating to the sale and issuance of bonds shall be paid from the proceeds of the sale of bonds.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 2 - General Provisions › Section 11714.

11714. The department shall return the appropriation made by Chapter 12 of the Statutes of 1935, or so much thereof as is used, with interest thereon at the rate of 4 percent per annum to the General Fund in the State Treasury from the proceeds of the first sale of revenue bonds issued for the construction of the project under the provisions of this part.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 3 - Payment from Revenue › Section 11720.

11720. Bonds issued under this part shall contain a recital on the face thereof that the payment or redemption of the bonds and the payment of interest thereon is secured by a first and direct charge and lien upon the revenues of any nature whatever received from the operation of the Central Valley Project for the construction of which the bonds are issued and that neither the payment of the principal or any part thereof or any interest thereon constitutes a debt, liability, or obligation of the State of California.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 3 - Payment from Revenue › Section 11721.

11721. Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State. Payment of both principal and interest of all such bonds shall be secured only by the rates, charges, and revenues established or accruing from the use or operation of the project and shall be made from such revenues or from such contributions or appropriations as may be made available under the terms of this part.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 3 - Payment from Revenue › Section 11722.

11722. All bond redemption and interest payments shall constitute a first and direct charge and lien on all revenues received from the operation of the project, on all interest accruing from such revenues, and on all sinking funds created out of such revenues.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 3 - Payment from Revenue › Section 11723.

11723. The collection of revenues shall be continued until all bonds with interest thereon are fully redeemed and paid.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11730.

11730. The department shall determine the form, conditions, and denominations of all bonds and the dates which the bonds shall bear.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11731.

11731. The department and the Treasurer shall determine the interest rate or rates on the bonds. The rate or rates may be fixed or variable and shall not exceed 12 percent per annum, except that the rate on any bond may, on any day, exceed 12 percent per annum if the interest borne by the issue of which the bond is a part from its date of issuance to, and including, that day does not exceed the total interest which would have been borne by the issue if all bonds of the issue had borne interest during that period at the rate of 12 percent per annum.
(Amended by Stats. 1986, Ch. 719, Sec. 2. Effective September 15, 1986.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11732.

11732. It is not necessary that all bonds of the same authorized issue bear the same interest rate.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11733.

11733. Principal and interest on bonds shall be payable at such place or places as may be fixed and determined by the department.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11734.

11734. Bonds may contain provisions for registration thereof as to principal only or as to both principal and interest.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11735.

11735. Bonds may be issued in coupon form with interest payable at such times as determined by the department and shall mature at such times and in such amounts as the department prescribes.
(Amended by Stats. 1983, Ch. 404, Sec. 1. Effective July 27, 1983.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11736.

11736. The department may provide for the retirement of bonds at any time or times prior to their maturity and in such manner and upon payment of such premiums as may be fixed and determined in the proceedings providing for the issuance of the bonds and referred to therein.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11736.5.

11736.5. The department may enter into banking, insurance, remarketing, and other financial arrangements as may be necessary or desirable to provide additional security for the payment of principal and interest on the bonds or to provide the holders of the bonds the right to tender bonds to the department or to another party for purchase at the times, on the notice, and on those other terms as the department may determine. These arrangements may provide for the reimbursement by the department, with interest, of moneys advanced by the provider of additional security, the provider of a tender right, the provider of moneys to fund a tender right, or anyone performing a related function, except that the interest rate on the reimbursement obligation shall not exceed the rate specified in Section 11731 and the sources of moneys for the reimbursement shall be only the sources available for the payment of the bonds.
(Added by Stats. 1986, Ch. 719, Sec. 3. Effective September 15, 1986.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11737.

11737. All bonds shall be signed by the director and countersigned by the Governor.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11738.

11738. The signature of the director and the Governor may be by facsimile.
(Amended by Stats. 1968, Ch. 411.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11739.

11739. All interest coupons shall bear the facsimile signature of the director.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 4 - Bond Form and Terms › Section 11740.

11740. In case any officer whose signature or countersignature appears on the bonds or coupons ceases to be such officer before the delivery of the bonds to the purchaser, his signature or countersignature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in the office until the delivery of the bonds.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 5 - Issuance and Sale › Section 11750.

11750. Bonds may be issued and sold from time to time and in such amounts as may be deemed necessary in the judgment of the department to provide sufficient funds for the purposes authorized by this chapter.
(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 4. Effective June 6, 1991.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 5 - Issuance and Sale › Section 11751.

11751. Bonds may be sold below the par or face value thereof, but the sale price shall not be less than 94 percent of the par or face value of the bonds, and the sale price shall include the interest which has accrued thereon up to the date of delivery of the bonds.
(Amended by Stats. 1975, Ch. 828.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 5 - Issuance and Sale › Section 11752.

11752. Successive issues of bonds shall have equal preference with respect to the redemption thereof and the payment of interest thereon, but the department may fix different maturity dates serially or otherwise for successive issues.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 5 - Issuance and Sale › Section 11753.

11753. All bonds issued are negotiable instruments.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 5 - Issuance and Sale › Section 11754.

11754. All bonds authorized for issuance by the department shall be sold by the Treasurer at public sale by bid or at private sale by negotiation, as directed by the department after consultation with the Treasurer. If the bonds are to be sold by a negotiated sale, the Treasurer shall select the underwriter or underwriters after consultation with the department.
(Amended by Stats. 1986, Ch. 719, Sec. 4. Effective September 15, 1986.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 5 - Issuance and Sale › Section 11755.

11755. The department may borrow money in anticipation of the sale of bonds duly authorized to be issued, but which have not yet been sold and delivered, and for that purpose may issue negotiable bond anticipation bonds and may renew such bond anticipation bonds from time to time, but the maximum maturity of any such bond anticipation bonds, including the renewals thereof, shall not exceed five years from the date of the original bond anticipation bonds. Such bond anticipation bonds may be issued at public or private sale. The department may provide, by resolution, for issuance at such maturities, interest rates, in such form, and under such other terms and conditions as the department, in its discretion, may determine.
The proceeds from the sale of such bond anticipation bonds shall be used only for the purposes for which may be used the proceeds of the sale of bonds in anticipation whereof they were issued. Such bond anticipation bonds shall not be issued in an amount in excess of the aggregate amount of bonds authorized to be issued, less the amount of any of such authorized bonds previously sold, and also less the amount of other bond anticipation bonds issued in anticipation thereof and then outstanding.
The principal of such bond anticipation bonds may be paid from any moneys available therefor and not otherwise pledged. If such bond anticipation bonds, or any portion thereof, have not been previously paid, they shall be paid from the proceeds of the next sale of bonds in anticipation whereof they were issued.
Interest on such bond anticipation bonds shall be payable from the same funds from which the interest on the bonds in anticipation whereof they were issued is payable. Interest on the bond anticipation bonds may be paid out of proceeds thereof.
(Added by Stats. 1975, Ch. 828.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 6 - Disposition of Proceeds from Bond Sale › Section 11760.

11760. The proceeds from the sale of bonds shall be paid to the Treasurer or the designee of the Treasurer to the credit of the construction fund.
(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 5. Effective June 6, 1991.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 6 - Disposition of Proceeds from Bond Sale › Section 11761.

11761. The proceeds shall be paid out, disbursed, or applied solely for one or more of the following:
(a) The construction, reconstruction, and repair of the project.
(b) Surveys and the preparation of plans and specifications.
(c) Payment of all other costs and expenses prior to and during construction.
(d) The acquisition of the necessary water, water rights, rights-of-way, easements, lands, electric power, power resources and facilities, other property of every kind and description, and any appurtenances to that property necessary therefor, including facilities planned and designed in cooperation with, and among, water agencies, water districts, and irrigation districts.
(e) The payment of interest becoming due and payable on bonds prior to and during the period of actual construction and for the period of one year after the completion of construction.
(f) All costs and expenses during a period of one year after completion of construction only as the need therefor shall arise.
(g) The establishment of a debt service reserve fund.
(Amended by Stats. 1992, Ch. 427, Sec. 170. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 6 - Disposition of Proceeds from Bond Sale › Section 11761.5.

11761.5. (a) If the department sells bonds to finance a water purchase, the bonds, including all refinancing of the bonds, shall be scheduled to mature within five years of the date of the initial sale of the bonds.
(b) (1) Subdivision (a) does not apply to bonds sold to finance a water purchase arrangement which is planned to extend beyond five years, if the bonds, including all refinancing of the bonds, are scheduled to mature not later than the date on which the water purchase arrangement will terminate.
(2) “Water purchase arrangement,” for purposes of this subdivision, means a purchase, exchange, or standby agreement entered into by the department with one or more persons or entities to receive water from, or as a result of actions by, those persons or entities for the duration of the agreement.
(c) Subdivision (a) does not apply to bonds sold to finance a water purchase for the purpose of long-term carryover storage.
(Added by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 7. Effective June 6, 1991.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 6 - Disposition of Proceeds from Bond Sale › Section 11762.

11762. The department may agree with the purchaser of bonds upon any conditions or limitations restricting the disbursement of the proceeds that may be deemed advisable for the purpose of assuring the proper application of the proceeds.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 7 - Payment of Principal and Interest › Section 11770.

11770. From the money deposited in the construction fund the State Treasurer shall transfer to the place or places of payment named in the bonds the sums required to pay the interest as it becomes due on all bonds sold and outstanding for the construction of the project during the period of actual construction and during a period of one year after completion thereof.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 7 - Payment of Principal and Interest › Section 11771.

11771. After the periods mentioned in the next preceding section the Treasurer shall transfer from the revenue fund to the place or places named in the bonds the sums required to pay the interest on the bonds and redeem the principal thereof as such interest payments and bond redemptions fall due for all bonds issued and sold.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 7 - Payment of Principal and Interest › Section 11772.

11772. All funds transferred for the payment of principal or interest on bonds shall be segregated and applied solely for the payment of the principal and interest.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 8 - Retirement of Bonds › Section 11780.

11780. Any surplus which exists in the construction fund shall be applied to the retirement of bonds issued for construction of the project by purchase or call.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 8 - Retirement of Bonds › Section 11781.

11781. In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 8 - Retirement of Bonds › Section 11782.

11782. The proceedings authorizing the issuance of bonds may provide limitations and conditions upon the time and manner of applying such surplus to the purchase and call of outstanding bonds.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 8 - Retirement of Bonds › Section 11783.

11783. The terms upon which the bonds shall be purchased or called and such limitations and conditions as are mentioned in the preceding section shall be followed and observed in the application and use of such surplus.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 8 - Bonds › ARTICLE 8 - Retirement of Bonds › Section 11784.

11784. All bonds retired by purchase or call shall be immediately canceled.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 9 - Finances › ARTICLE 1 - General Financial Provisions › Section 11800.

11800. Money required to meet the costs of construction of the project and all expenses and costs incidental thereto and to meet the costs of operating and maintaining and making necessary replacements thereto shall be paid by the State Treasurer from the proper fund upon demand of the department. Payments shall be made after audit in the manner provided by law and upon warrants drawn by the State Controller.
(Amended by Stats. 1957, Ch. 1932.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 9 - Finances › ARTICLE 1 - General Financial Provisions › Section 11801.

11801. All interest received or earned on money deposited in a fund provided for in this part shall be credited to and become a part of the particular fund upon which the interest accrues.
(Added by Stats. 1943, Ch. 370.)
2023 California Code › Water Code - WAT › DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES › PART 3 - CENTRAL VALLEY PROJECT › CHAPTER 9 - Finances › ARTICLE 1 - General Financial Provisions › Section 11802.

11802. The proceedings authorizing the issuance of bonds may contain appropriate provisions governing the use and application of bond proceeds and revenues for the purposes specified in this part.
(Added by Stats. 1943, Ch. 370.)