Vetoed by Governor.
Summary
AB 2739 would have set up a Water Affordability and System Stabilization Trust, managed by the State Treasurer, to generate perpetual funding for two existing programs that help keep water affordable. The trust’s earnings would be split between the Water Rate Assistance Fund and a new Community Water Affordability Assistance Fund, with the split changing after 25 years. The bill was vetoed by the governor and therefore will not take effect.
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