Water: affordability and system stabilization.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
In Floor Process
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates the Water Affordability and System Stabilization Fund to address rising water costs and ensure affordable access to clean water for Californians. It establishes a trust to provide ongoing funding to the Water Rate Assistance Fund and the Community Water Affordability Assistance Fund, starting 25 years after initial state investment. The bill also directs the Department of Water Resources to develop and administer a Community Water Affordability Program to provide grants to community water systems for infrastructure projects, reducing the financial burden on ratepayers.
Key provisions
- Creates the Water Affordability and System Stabilization Fund.
- Establishes a Water Affordability and System Stabilization Trust.
- Directs the Treasurer to manage and invest trust funds.
- Requires annual transfers to the Water Rate Assistance Fund and the Community Water Affordability Assistance Fund.
- Authorizes the Department of Water Resources to develop and administer a Community Water Affordability Program.
- Requires grant applicants to contribute at least 25% of project funding.
- Allows for waivers or reductions in the minimum funding requirement for financially distressed applicants.
- Provides for deposit of contributions from private and public entities into the Community Water Affordability Assistance Fund.
Who is affected
- California Residents
- Community Water Systems
- State Government
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours