SB 275, as introduced, Cannella. Local flood control: indebtedness and liability.
Existing law provides that a city may incur indebtedness and liability in excess of the income and revenue provided by it for the current fiscal year, with certain limitations, for specific purposes including protecting the city from overflow by water, to drain the city, or to secure an outlet for overflow water and drainage.
This bill would make technical, nonsubstantive changes.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 8010 of the Water Code is amended to
2read:
begin deleteAny end deletebegin insertA end insertcity may, pursuant to this chapter, incur
4indebtedness and liability, although in excess of the income and
5revenue provided by it for the current fiscal year, but not so that
6the aggregate funded indebtedness of the city exceeds 6begin delete per centend delete
7begin insert percentend insert of the assessed value of all the real and personal property
8in the city, for any or all, or any part of, the following purposes:
9(a) To protect the city from overflow by water.
10(b) To drain the city.
P2 1(c) To secure an outlet for overflow water and drainage.
O
99