Monday, July 9, 2012

Legislature Delays Vote On $11 Billion Water Bond Until 2014

On July 5, 2012 California lawmakers voted to delay voters’ consideration of an $11 billion water bond for another two years, from November 2012 to November 2014.

The California assembly approved AB 1422, sponsored by Democratic Assemblyman Henry Perea, in a vote of 69-6.  The Senate approved the bill on a 34-2 vote.  Although Governor Brown has not yet signed the bill, he is expected to do so.

The Safe, Clean, and Reliable Drinking Water Supply Act, which would authorize the issuance of bonds in the amount of $11.4 billion to finance a safe drinking water and water supply reliability program, was initially scheduled to be put to voters in 2010.  However, in August 2010, former Governor Arnold Schwarzenegger signed legislation delaying it until this year.

If you have any questions about the water bond measure, please contact Rebecca Akroyd from our office, or the KMTG attorney with whom you normally consult.

Related Stories:

No comments:

Post a Comment