Water Code § 13432
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The state board may charge an annual fee not to exceed one-tenth of 1 percent of the principal amount of each bond issue that it guarantees for guarantee coverage. The state board may charge a lesser amount. The proceeds of any fee shall be paid into the Clean Water Bond Guarantee Fund.
(Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.)