Amended
IN
Senate
April 27, 2023 |
Amended
IN
Senate
March 22, 2023 |
Introduced by Senator Caballero (Coauthors: Senators Ochoa Bogh, Roth, and Seyarto) |
February 08, 2023 |
(w)
(d)In addition to the water supply planning targets in subdivision (c), each update of the plan shall include the following components:
(2)A study to support the water supply targets and to recommend programs, policies, and facilities to achieve those targets with assumptions and estimates as outlined in Section 10004.6.
(3)
(4)
(5)A long-term financing plan as outlined in Section 10005.
(e)
(f)
(5)
(6)
(7)
(8)
(9)
(10)
(b)
(a)The department shall develop a long-term financing plan to meet the water supply targets and include the final financing plan as part of each update.
(b)The financing plan shall do all of the following:
(1)Analyze a variety of financing mechanisms, including use of general fund moneys, general obligation bond fund moneys, and other potential sources of financing to meet the water supply targets in The California Water Plan and provide necessary investments to ensure a water resilient state.
(2)Consider the cost-effectiveness of various water supply options and compare those costs to the economic costs of supply shortages on various customer classes and the California economy.
(3)Recommend actions to be taken by the department, the board, or other state agencies to streamline access to funding for projects in all areas of the state that will help achieve the water supply targets, including a coordinated application process across state agencies, expedited funding guidelines, and an annual report listing projects funded by state agencies with the resulting acre-feet produced.
(c)The California Water Commission shall conduct a series of public workshops to give interested parties an opportunity to comment on the financing plan. The commission shall conduct a portion of these workshops in regions of the state that
have been impacted the most by drought or other weather extremes, including, but not limited to, communities with minority populations, communities with low-income populations, or both.
(d)The financing plan shall recognize that public water systems, irrigation districts, and wastewater service providers utilize different rate structures and avoid mandates for revising those rates or a specific level of investment from public water systems, irrigation districts, or wastewater service providers.