Proposition 84			00.00 10/05
	Full Extract
	Submitted as: "The Safe Drinking Water, Water Quality and Supply, Flood Control, River and Coastal Protection Bond Act of 2006"
	Type:  Amendment to the Public Resources Code
	Subject:  $5.388 billion bond to finance water related projects.
	Submitters:  Stephen J. Kaufman
	Supporting Organization:
		Name:	Californians for Clean Water, Parks and Coastal Protection 591 Redwood Highway, #4000 Mill Valley, CA 94941
		Email: info at yeson84.com
		Web Site: www.yeson84.org
		Phone: 818.784.1222
	Opposing Organization:
		Name:	California Taxpayer Protection Committee 9971 Base Line Road Elverta, CA 95626-9411
		Email: info at protecttaxpayers.com
		Web Site: www.protecttaxpayers.com
		Phone: 916.991.9300
	Section 1
	Indicates this is to be a new Division, 43, in the Public Resources Code and provides title.
	Adds Chapter 1, General Provisions
	Adds Sections 75001 to 75009, as follows:
	75001 Provides Title.
	75002 Findings.
	75002.5 More findings.
	75003 More findings.
	75003.5 More findings.
	75004 Describes the "intent of the people".
	75005 Provides the meaning of several terms.
	75009 Creates the Safe Drinking Water, Water Quality and Supply, Flood Control, River and Coastal Protection Fund of 2006 to which the proceeds of bonds passed by this Initiative will be deposited, broken out as follows:
	75009 (a) $1.520 billion for safe drinking water, water quality, and "other water projects", as described in Chapter 2.
	75009 (b) $800 million for flood control projects as described in Chapter 3.
	75009 (c) $65 million for statewide water management as described in Chapter 4.
	75009 (d) $928 million for protection of rivers, lakes and streams as described in Chapter 5.
	75009 (e) $450 million for forest and wildlife conservation as described in Chapter 6.
	75009 (f) $540 million for protection of beaches, bays, and coastal waters and watersheds as described in Chapter 7.
	75009 (g) $500 million for state parks and nature education facilities as described in Chapter 8.
	75009 (h) $580 million for sustainable communities and climate change reduction projects as described in Chapter 9.
	Adds Chapter 2, Safe Drinking Water and Water Quality Projects
	Adds Sections  75020 to 75029.5, as follows:
	75020 Declares intent of chapter.
	75021 (a) Assigns $10 million is to be "available" to the Department of Health Services for grants to fund emergencies and urgent actions to ensure safe drinking water supplies.  Acceptable projects are at least the following:
	75021 (a) (1) Provision of alternate water supplies including bottled water.
	75021 (a) (2) Improvements in existing water systems to prevent contamination.
	75021 (a) (3) Establishing connections to an adjacent water system.
	75021 (a) (4) Water treatment equipment and systems.
	75021 (b) No project shall receive more than $250,000.
	75021 (c) Direct expenditures under this section shall be exempt from the usual contracting and procurement requirements as necessary.
	75022 Assigns $180 million to be "available" to the Department of Health Services for grants for small community drinking water system infrastructure improvements.  Priority will be given to projects that address health hazards and by whether the community is significantly disadvantaged.  [I.e., median household income is less than 80% of the statewide average.]   Grants are limited to $5 million per project, and no more than 25% of the grant may be awarded in advance of actual expenditures.  Up to $5 million may be expended for technical assistance to eligible communities.
	75023 Assigns $50 million to be "available" for deposit to the Safe Drinking Water State Revolving Fund (as described in Section 116760.30 of the Health and Safety Code) to provide the state share needed to leverage federal funds to provide safe drinking water.
	75024 Assigns $80 million to be "available" for deposit to the State Water Pollution Control Revolving Fund (as described in Section 13477 of the Water Code) to provide the state share needed to leverage federal funds to prevent pollution of drinking water sources.
	75025 Assigns $60 million to be "available" for deposit to the Department of Health Services for loans and grants to prevent or reduce groundwater contamination.
	75026 (a) Assigns $1 billion to be "available" to the Department of Water Resources for grants that assist local public agencies to meet the long term water needs of the state.  Projects must implement regional water plans, and these must address the major water related objectives and conflicts within the region and consider all strategies identified in the California Water Plan [].  Acceptable projects must be consistent with an adopted regional water plan or its equivalent as defined in the Department's Regional Water Management Guidelines [], and must include one or more of the following:
	75026 (a) (1) Water supply reliability, water conservation and water use efficiency.
	75026 (a) (2) Storm water handling.
	75026 (a) (3) Removal of invasive species, wetland enhancement and creation, and consideration of open space and watershed lands.
	75026 (a) (4) Pollution reduction, management and monitoring.
	75026 (a) (5) Groundwater recharge and management projects.
	75026 (a) (6) Reclaiming water and conveying it to users.
	75026 (a) (7) Water banking, exchange, reclamation and improvement of water quality.
	75026 (a) (8) Flood management programs.
	75026 (a) (9) Watershed protection and management.
	75026 (a) (10) Drinking water treatment and distribution.
	75026 (a) (11) Ecosystem and fisheries restoration and protection.
	75026 (b) The Department shall give preference to proposals that satisfy the following:
	75026 (b) (1) Proposals that effectively integrate water management programs and projects within a hydrologic region identified in the California Water Plan, the Regional Water Quality Control Board region or subdivision, or other region or sub-region specifically identified by the Department.
	75026 (b) (2) Proposals that effectively integrate water management with land use planning.
	75026 (b) (3) Proposals that effectively resolve significant water-related conflicts within or between regions.
	75026 (b) (4) Proposals that contribute to the attainment of one or more of the objectives of the CALFED Bay Delta Program [].
	75026 (b) (5) Proposals "that address statewide priorities".
	75026 (b) (6) Proposals that address critical water supply or water quality needs for disadvantaged communities within the region.
	75026 (c) No more than 5% of the funds provided by this section may be used to update the integrated regional water management plans.
	75026 (d) The department shall coordinate the provisions of this section with the program provided by the Integrated Regional Water Management Plan portion of the Water Security, Clean Drinking Water, Coastal and Beach Protection Act of 2002 (Water Code, Division 26.5,Chapter 8).
	75027 (a) The current California Water Plan breaks the state up into several regions with differing water distribution characteristics.  One of the largest of these is the South Coast Region.  For the purposes of this initiative, this region is broken into 3 smaller sub-regions, San Diego, Santa Ana River, and Los Angeles-Ventura.  Similarly, two other regions, North and South Lahontan, are to be treated as one region.  With that understanding, the funds defined in 75026 are to be allocated as follows:
	75027 (a) (1) North Coast $  37 million   75027 (a) (2) San Francisco Bay $ 138 million   75027 (a) (3) Central Coast $  52 million   75027 (a) (4) Los Angeles-Ventura Subr. $ 215  million   75027 (a) (5) Santa Ana Subregion $ 114 million   75027 (a) (6) San Diego Subregion $  91 million   75027 (a) (7) Sacramento River $  73 million   75027 (a) (8) San Joaquin River $  57 million   75027 (a) (9) Tulare/Kern (Tulare Lake) $  60 million   75027 (a) (10) North and South Lahontan $  27 million   75027 (a) (11) Colorado River Basin $  36 million   75027 (a) (12) Interregional/Unallocated $ 100 million
	75027 (b) The Unallocated funds may be spent by the Department to address issues of statewide significance.
	75028 (a) The Department shall allocate grants on a competitive basis.  It may establish standards and procedures for selection, deferring to approved local selection, as long as projects are consistent with 75026.
	75028 (b) If a region lacks a plan meeting the requirements of 75026, its funds shall NOT be allocated to some other region.  The funds will be held until the region is able to present an adopted plan.
	75029 Assigns $130 million to be "available" to the Department of Water Resources for grants to implement Delta water quality improvement projects that protect drinking water supplies.  A cost share is required from local agencies.  Eligible projects are:
	75029 (a) Projects that reduce discharge of pollutants into the San Joaquin River.  No less than $40 million shall be assigned to control discharge of subsurface agricultural drain water from the west side of the San Joaquin River Valley.
	75029 (b) Projects that reduce discharge of pollutants into the Sacramento River.
	75029 (c) Projects at Franks Tract and others, that will reduce salinity and pollutants at agricultural and drinking water intakes.
	75029 (d) Projects identified in the June 2005 Delta Region Drinking Water Quality Management Plan, with priority given to relocation of drinking water intake facilities.
	75029.5 Assigns $15 million to be "available" to the State Water Resources Control Board for grants to public agencies and non-profit organizations for projects that reduce discharge of agricultural pollutants into surface waters.
	Adds Chapter 3, Flood Control
	Adds Sections  75030 to 75034, as follows:
	75030 Declares intent of chapter.
	75031 Assigns $30 million to be "available" to the Department of Water Resources to be used for floodplain mapping, local land-use planning, and reduction of flood risks.  Eligible projects are:
	75031 (a) Mapping Floodplains.
	75031 (b) Mapping rural areas with potential for urbanization.
	75031 (c) Mapping and identification of flood risk in high density urban areas.
	75031 (d) Mapping floor hazard areas.
	75031 (e) Updating outdated floodplain maps.
	75031 (f) Mapping of floodplains formed by rivers, alluvial fans, and coastal flood hazard areas.
	75031 (g) Collecting topographic and hydrographic survey data.
	75032 Assigns $275 million to be "available" to the Department of Water Resources to be used for flood control projects.  Eligible projects are:
	75032 (a) Evaluation of existing flood control project facilities, and development of an "economically viable flood control rehabilitation plan."
	75032 (b) Work on flood control levees, weirs and bypasses, including repair of bank and levee erosion.
	75032 (c) Improvements to the Department's emergency response capability.
	75032 (d) Environmental mitigation and infrastructure relocation costs related to projects under this section.
	75032 (e) Implementation of a "multi-objective management approach for floodplains ...".
	75032.4 Contrary to Section 13340 of the Government Code, the funds made available in 75031 and 75032 are continuously appropriated to the Department. [13340 says "on and after July 1, 2007, no moneys in any fund that, by any statute other than a Budget Act, are continuously appropriated without regard to fiscal years, may be encumbered unless the Legislature, by statute, specifies that the moneys in the fund are appropriated for encumbrance. "]
	75032.5 Assigns $40 million to be "available" to the Department of Water Resources to be used for Flood Protection Corridor projects.
	75033 Assigns $275 million to be "available" to the Department of Water Resources to be used for flood control projects in the Delta, that will increase the Department's ability to respond to levee breeches and reduce their likelihood.  Eligible projects are:
	75033 (a) Projects to improve emergency response preparedness.
	75033 (b) Local assistance, under the delta levee maintenance subventions program.  ["subvention" means a subsidy, in this case to the private owners of the levees to help keep them repaired.]
	75033 (c) Special flood control projects involving control of Delta land use, as provided for under the Water Code, Division 6, Part 4.8, starting with Section 12310. [This part of the Water Code identifies the scope of ongoing flood prevention projects, specifically "a program of flood control projects on Bethel, Bradford, Holland, Hotchkiss, Jersey, Sherman, Twitchell, and Webb Islands, and at other locations in the delta and for the Towns of Thornton and Walnut Grove, and for approximately 12 miles of levees on islands bordering Northern Suisun Bay from Van Sickle Island westerly to Montezuma Slough". (12311)]
	75033 (d) All of these projects to be subject to Water Code Section 79050. [79050 makes the expenditure susceptible to a judgment by the Fish and Game Department.]
	75034 Assigns $180 million to be "available" to the Department of Water Resources to be used to fund the State's share of the nonfederal costs for flood control and flood prevention projects for which a local agency has obtained the required Federal assurances, and which are authorized under various parts of the Water Code.
	Adds Chapter 4, Statewide Water Planning and Design
	Adds Section 75041, as follows:
	75041 Assigns $65 million to be "available" to the Department of Water Resources to be used for planning and feasibility studies relating to California's water supply, conveyance and flood control systems.  Eligible projects are:
	75041 (a) Evaluation of climate change impacts and the development of system redesign alternatives.
	75041 (b) Surface water storage planning and feasibility studies pursuant to the CALFED Bay-Delta Program.
	75041 (c) "Modeling and feasibility studies to evaluate the potential for improving flood protection and water supply through coordinating groundwater storage and reservoir operations".
	75041 (d) "Other planning and feasibility studies necessary to improve the integration of flood control and water supply systems."
	Adds Chapter 5, Protection of Rivers, Lakes and Streams
	Adds Section 75050, as follows:
	75050 Makes "available" $928 million for the protection of the water ecosystem, allocated as follows:
	75050 (a) Assigns $180 million to be "available" to the Department of Fish and Game, in consultation with the Department of Water Resources to be used for "Bay-Delta" and coastal fishery restoration projects.  Up to $20 million shall be specifically available for coastal salmon and steelhead fishery restoration projects.
	75050 (b) Assigns $90 million to be "available" for projects related to the Colorado River, as follows:
	75050 (b) (1) No more than $36 million shall be "available" to the Department of Water Resources for water conservation projects "that implement the Allocation Agreement as defined in the Quantification Settlement Agreement." []
	75050 (b) (2) No more than $7 million shall be "available" to the Department of Fish and Game  for "projects to implement the Lower Colorado River Multi-Species Habitat Conservation Plan."
	75050 (b) (3) $47 million shall be "available" for deposit to the Salton Sea Restoration Fund.
	75050 (c) Assigns $54 million to be "available" to the Department of Water Resources to provide public access to recreation and fish and wildlife resources.
	75050 (d) Assigns $72 million to be "available" to the Secretary of the Resources Agency for projects in accordance with the California River Parkways Act of 2004 [As described at Division 5 Chapter 3.8 of the Public Resources Code].  Up to $10 million of this may be transferred to the Department of Conservation to be used for the Watershed Coordinator Grant Program.
	75050 (e) Assigns $18 million to be "available" to the Department of Water Resources for the Urban Streams Restoration program.
	75050 (f) Assigns $36 million to be "available" to the San Joaquin River Conservancy for river parkway projects.
	75050 (g) Assigns $72 million to be "available" for projects within the watersheds of the Los Angeles and San Gabriel rivers, allocated as follows:
	75050 (g) (1) $36 million to the San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy.  [See Division 22.8, starting with Section 32600 of the Public Resources Code.]
	75050 (g) (2) $36 million to the Santa Monica Mountains Conservancy for watershed protection activities in the watershed of the Upper Los Angeles River.  [See Public Resources Code starting at 33000; the reference to 79508 of the Water Code in the Initiative seems to be in error.]
	75050 (h) Assigns $36 million to be "available" to the Coachella Valley Mountains Conservancy.  [See Public Resources Code starting at 33500.]
	75050 (i) Assigns $45 million to be "available" for projects to expand and improve the Santa Ana River Parkway.  Of this amount $30 million shall be equally divided between projects in Orange, San Bernardino and Riverside Counties.
	75050 (j) Assigns $54 million to be "available" to the Sierra Nevada Conservancy.  [See Public Resources Code starting at 33300.]
	75050 (k) Assigns $36 million to be "available" to the California Tahoe Conservancy. []
	75050 (l) Assigns $45 million to be "available" to the California Conservation Corps, allocated as follows:
	75050 (l) (1) $25 million for projects to improve public safety and improve and restore watersheds.  Not less that $12.5 of these funds shall be in the form of grants to local conservation corps.
	75050 (l) (2) $20 million for grants to local conservation corps for facilities to support local conservation corps programs, and for local resource conservation activities.
	75050 (m) Assigns $90 million to the State Water Resources Control Board, for matching grants to local public agencies for the reduction and prevention of storm water contamination.
	75050 (n) Assigns $100 million to be "available" to the Secretary of the Resources Agency to implement a court settlement to restore flows and populations of salmon to the San Joaquin River between Friant Dam and the Merced River.
	Adds Chapter 6, Forest and Wildlife Conservation
	Adds Section 75055, as follows:
	75055 Makes "available" $450 million for the protection and conservation of forests and wildlife habitat, allocated as follows:
	75055 (a) Contrary to Section 13340 of the Government Code, assigns $180 million to be "continuously appropriated" to the Wildlife Conservation Board for forest conservation and protection projects.
	75055 (b) (1) Contrary to Section 13340 of the Government Code, assigns $135 million to be "continuously appropriated" to the Wildlife Conservation Board. for the development, rehabilitation, restoration, acquisition and protection of habitat that accomplishes any of the following objectives:
		(A) Promotes the recovery of threatened and endangered species.
		(B) Provides corridors linking separate habitat areas to prevent fragmentation.
		(C) Protects significant natural landscapes and ecosystems.
		(D) Implements the recommendations of the California Comprehensive Wildlife Strategy, as submitted October 2005 to the United States Fish and Wildlife Service.
	75055 (b) (2) Funds authorized by this subdivision may be used for direct expenditures or for grants and for related state administrative costs, as authorized by various parts of the Fish and Game Code.
	75055 (b) (3) Up to $25 million may be granted to the University of California for the Natural Reserve System for matching grants for land acquisition and development of research and training facilities to improve the management of natural lands and the preservation of California's wildlife resources.
	75055 (c) Assigns $90 million to be "available" to the State Water Resources Control Board for grants to implement or assist in the establishment of Natural Community Conservation Plans Natural under the Community Conservation Planning Act.  [See the Fish and Game Code, starting at Section 2800.]
	75055 (d) Assigns $45 million to be "available" for the protection of ranches, farms, and oak woodlands assigned as follows:
	75055 (d) (1) $15 million for grazing land protection as described by the California Rangeland, Grazing Land and Grassland Protection Act.  [See this Code, starting at Section 10330.]
	75055 (d) (2) $15 million for Oak Woodland Preservation.  [See the Fish and Game Code, starting at  Section 1360.]
	75055 (d) (3) $10 million for agricultural land preservation as covered by the California Farmland Conservancy Program Act of 1995.  [See this Code, starting at Section 10200.]
	75055 (d) (4) $5 million for the State Water Resources Control Board to assist farmers in integrating agricultural activities with ecosystem restoration and wildlife protection..
	Adds Chapter 7, Protection of Beaches, Bays and Coastal Waters.
	Adds Section 75060, as follows:
	75060 Makes "available" $540 million for the protection of beaches, bays and coastal waters, and watersheds, allocated as follows:
	75060 (a)  Assigns $90 million to be "available" to the State Water Resources Control Board for the purpose of matching grants for protecting beaches and coastal waters from pollution and toxic contamination, consistent with the Clean Beaches Program.  [See this Code, starting at Section 30915.]  At least $35 million must be used for grants to assist local public agencies to comply with the discharge prohibition into Areas of Special Biological Significance contained in the California Ocean Plan.  At least $18 million must be "available" to the Santa Monica Bay Restoration Commission.  [See this Code, starting at 30988]
	75060 (b) Assigns $135 million to be "available" to the State Coastal Conservancy.  [See Division 21 of this Code.]
	75060 (c) Assigns $108 million to be "available" to the San Francisco Bay Area Conservancy Program.  [See this code starting at 31160.]  No less than $21.6 million shall be spent on projects draining directly to the Pacific Ocean.
	75060 (d) Assigns $45 million for the protection of the Santa Monica Bay and its watersheds made "available" as follows:
	75060 (d) (1) $20 million to the Santa Monica Mountains Conservancy.  [See this code, starting at Section 33000.]
	75060 (d) (2) $10 million to the Baldwin Hills Conservancy for the protection of the Ballona Creek/Baldwin Hills watershed.  [See this code, starting at Section 32550.]
	75060 (d) (3) $15 million to the [San Gabriel and Lower Los Angeles] Rivers and Mountains Conservancy.  [See this code, starting at Section 32600.]
	75060 (e) Assigns $45 million to be "available" to the State Coastal Conservancy for the protection of Monterey Bay and its watersheds.
	75060 (f) Assigns $27 million to be "available" to the State Coastal Conservancy for the protection of San Diego Bay and adjacent watersheds.
	75060 (g) Assigns $90 million  to the California Ocean Protection Trust Fund.  [See this Code, starting with section 35650.]
	Adds Chapter 8, Parks and Nature Education Facilities.
	Adds Section 75063, as follows:
	75063 Makes "available" $500 million "to provide public access to the resources of the State of California", protect them, and increase public understanding of them, as follows:
	75063 (a)  Assigns $400 million to be "available" to the Department of Parks and Recreation for maintenance of the state park system and its resources.
	75063 (b)  Assigns $100 million to be "available" to the Department of Parks and Recreation for grants for nature education and research facilities and equipment to non-profit organizations and public institutions.
	Adds Chapter 9, Sustainable Communities and Climate Change Reduction.
	Adds Sections 75065 to 75066, as follows:
	75065 Makes "available" $580 million "for improving the sustainability and livability of California's communities through investment in natural resources", distributed as follows:
	75065 (a)  Assigns $90 million to be "available" for "urban greening projects."  At least $20 million shall be "available" for urban forestry projects in accord with the California Urban Forestry Act.  [See this Code, starting at 4799.06.]
	75065 (b)  Assigns $400 million to be "available" to the Department of Parks and Recreation for competitive grants for local and regional parks.
	75065 (c)  Assigns $90 million to be "available" for planning grants and planning incentives,
	75066  The funds covered in (a) and (c) may only be spent if legislation is enacted to implement those subdivisions.
	Adds Chapter 10, Miscellaneous Provisions.
	Adds Sections 75070 to 75079, as follows:
	75070 Activities and projects financed with this bond money must comply with the California Environmental Quality Act, as described in  Division 13, starting with Section 21000, of this Code.
	75070.4  Property acquired per Chapters 5, 6, 7, 8, and 9 shall be from willing sellers.
	75070.5  No more than 5% of the funds allocated to any program may be spent on administering that program.
	75071 For projects that include acquisition or restoration for the purpose of natural resource protection, the Department of Parks and Recreation, the board, and the State Coastal Conservancy shall all give priority to the following:
	75071 (a)  Landscape/Habitat Linkages:  properties that link to, or contribute to linking, existing protected areas with other large blocks of protected habitat.
	75071 (b)  Watershed Protection:  projects that contribute to long-term protection of and improvement to the water and biological quality
	75071 (c)  Properties that support relatively large areas of under-protected major habitat types.
	75071 (d)  Properties that provide habitat linkages between two or more major biological regions of the state.
	75071 (e)  Properties for which there is a non-state matching contribution toward the acquisition, restoration, stewardship or management costs.
	75071 (f)  At least fourteen days before approving one of these projects, the agency must submit, to the Resources Agency, an explanation as to how the proposed acquisition meets the above criteria, and post the explanation on its website.
	75071.5  The Department of Parks and Recreation, the Wildlife Conservation Board, and the State Coastal Conservancy shall work with the United States Department of Defense to develop buffer areas around military facilities to promote the conservation and recreation goals of the state.
	75072  Up to 10 percent of the money allocated for each program may be used to pay for the planning and monitoring necessary for the successful design, selection, and implementation of the projects authorized under that program.
	75072.5  Additional definition, of "Monterey Bay".
	75072.6  Additional definition, of "San Diego Bay and adjacent watersheds".
	75072.7  Additional definition, of "Santa Monica Bay and watershed".
	75073  Money provided for in Chapter 5, 6, 7 and 8 that is not used for competitive grant programs may be used to reimburse the General Fund, as described in the Natural Heritage Preservation Tax Credit Act of 2000, Division 28 starting with Section 37000 of this Code.
	75074  Regarding chapters 5, 6, 7 and 8, it is the "intent of the people" that the funds for each program be used to the fullest extent allowed by the statute(s) governing each program.
	75075  Contracts made for public works projects funded by these bonds shall include a labor compliance program consistent with section 1771.5 (b) of the Labor Code. []
	75076  "Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government code does not apply to the development and adoption of program guidelines and selection criteria adopted pursuant to this chapter." []
	75077  "Funds provided pursuant to this chapter, and any appropriation or transfer of those funds, shall not be deemed to be a transfer of funds for the purposes of Chapter 9 (commencing with Section 2780) of Division 3 of the Fish and Game Code." []
	75078  The Secretary of the Resources Agency will ensure that an independent annual audit of Bond expenditures is done, and will provide a list of all expenditures annually in written form and posted to the Resources Agency's Internet Website.
	75079  The Secretary of the Resources Agency will appoint a citizen advisory committee to review the annual audit and recommend improvements in the process.
	Adds Chapter 11, Fiscal Provisions.
	Adds Sections 75080 to 75090, as follows:
	75080 Bonds in the amount of $5.385 billion may be issued and sold, and may be used to reimburse the General Obligation Bond Expense Revolving Fund in accord with Section 16724.5 of the Government Code.  The bond proceeds shall be deposited in the Safe Drinking Water, Water Quality and Supply, Flood Control, River and Coastal Protection Fund of 2006, as created by Section 75009.  The full faith and credit of the State of California is pledged for payment.
	75081  Specifies that bond handling is to be consistent with the State General Obligation Bond Law.
	75082 (a)  Solely to manage the sale and issue of the bonds, the Safe Drinking Water, Water Quality and Supply, Flood Control, River and Coastal Protection Finance Committee is created.  This organization acts as "the Committee", as that term is used by the State General Obligation Bond Law.  The committee will consist of the state Controller, Director of Finance, and Treasurer,
	75082 (b)  The Secretary is "the Board", as that term is used by the State General Obligation Bond Law.
	75083  The Committee will decide timing and amount for the sale of bonds.
	75084  Demands that "there shall be collected annually, ... in addition to the ordinary revenue of the state", "a sum of money ... sufficient to pay the principal of, and interest on" the bonds.
	75085  Contrary to Section 13340 of the Government Code, this initiative immediately withdraws from the General Fund an amount equal to the sum of (a) the principal and interest on the bonds, when they become due and payable, and (b) any additional funds required to carry out 75086 below.
	75086  The Director of Finance may withdraw from the General Fund any amount less than the amount of bonds authorized to be sold but not yet actually sold.  Amounts withdrawn MUST be deposited to the Fund.   The sale of bonds must then be used to repay the amount withdrawn.
	75087  Any interest paid on the bonds shall be transferred to the General Fund as a credit to expenditures for bond interest.
	75088  Bonds may be refunded.  Voter approval of this initiative constitutes approval of refunding bonds.   ["Refund" means to pay off an existing bond by taking out a new one, for example at a lower interest rate.]
	75090  The people declare revenues from this bond are not "proceeds of taxes" and therefore not liable to the limitations imposed by Article XIII B of the state Constitution [Prop 13]
	Section 2
	Severability Clause
	[If a provision or part of this Initiative is held invalid or unconstitutional, the rest shall continue in full force.]
	Section 3
	[This Act shall be liberally construed]
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