BILL NUMBER: AB 2706	CHAPTERED  09/24/02

	CHAPTER  846
	FILED WITH SECRETARY OF STATE  SEPTEMBER 24, 2002
	APPROVED BY GOVERNOR  SEPTEMBER 24, 2002
	PASSED THE ASSEMBLY  AUGUST 28, 2002
	PASSED THE SENATE  AUGUST 27, 2002
	AMENDED IN SENATE  AUGUST 22, 2002
	AMENDED IN SENATE  JUNE 24, 2002
	AMENDED IN ASSEMBLY  MAY 23, 2002
	AMENDED IN ASSEMBLY  APRIL 1, 2002

INTRODUCED BY   Assembly Member Cardoza

                        FEBRUARY 22, 2002

   An act to add Section 24252.1 to the Water Code, relating to
irrigation districts.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2706, Cardoza.  Irrigation districts.
   The Irrigation District Law provides for the formation of
irrigation districts and grants powers to those districts relating
to, among other things, water, electric power, flood control, and
sewage disposal.
   This bill would authorize an irrigation district to enter into any
forward contract or futures contract, or put, call, or swap
agreement, or similar procurement method for electricity, natural
gas, or coal, or any weather, fuel, or energy risk management
contract determined to be in the best interests of the district by
the board of directors of the district for any of the uses or
purposes of the district.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 24252.1 is added to the Water Code, to read:
   24252.1.  A district may enter into any forward contract, or
futures contract, or put, call, or swap agreement, or similar
procurement method for electricity, natural gas, or coal, or any
weather, fuel, or energy risk management contract determined to be in
the best interests of the district by the board of directors of the
district for any of the uses or purposes of the district and by those
contracts or agreements to bind the district for the payment of the
consideration specified therein.