California Legal Codes and Statutes

§ 138.12

Added by Stats. 2006, Ch. 831, Sec. 1. Effective January 1, 2007.
(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.

Cite this section

Cal. Wat. Code § 138.12 (2026)
https://ca.codecond.com/codes/wat/division-1-general-state-powers-over-water/chapter-2-state-administration-generally/article-1-department-of-water-resources/section-138.12

Other sections in Article 1 - Department of Water Resources

§ 120§ 122§ 123§ 124§ 125§ 126§ 127§ 127.5§ 128§ 130…§ 140§ 141§ 141.5§ 142§ 144§ 147§ 147.1§ 147.3§ 147.5§ 148

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