AB 428
Joint powers agreements: water corporations.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows water corporations, mutual water companies, and public agencies to form joint powers agreements for insurance and risk pooling. It establishes specific requirements for these agreements, including 100% reinsurance with no shared liability and annual reporting to the Public Utilities Commission. The bill also restricts the Public Utilities Commission from allowing a water corporation to join an insurance joint powers agency if it doesn't provide greater benefits to customers than their existing insurance.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.