BILL NUMBER: AB 3003	CHAPTERED  09/30/06

	CHAPTER  831
	FILED WITH SECRETARY OF STATE  SEPTEMBER 30, 2006
	APPROVED BY GOVERNOR  SEPTEMBER 30, 2006
	PASSED THE SENATE  AUGUST 28, 2006
	PASSED THE ASSEMBLY  MAY 31, 2006
	AMENDED IN ASSEMBLY  MAY 30, 2006

INTRODUCED BY   Assembly Member La Malfa

                        FEBRUARY 24, 2006

   An act to add Section 138.12 to the Water Code, relating to water.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 3003, La Malfa  Department of Water Resources: administrative
expenses.
   Under existing law, the Department of Water Resources administers
various water resource programs that are financed by voter-approved
general obligation bond funds or revenue bond funds.
   This bill would provide that, except as otherwise provided in a
general obligation bond act, the maximum amount that shall be
allocated for administrative expenses shall not exceed 5% 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. The bill would also provide
that the maximum amount that may be allocated for administrative
expenses shall not exceed 5% of the total amount of funds that result
from the sale of revenue bonds by the department.


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


  SECTION 1.  Section 138.12 is added to the Water Code, to read:
   138.12.  (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.