CALIFORNIA SAFE DRINKING WATER BOND LAW OF 1976.

CALIFORNIA SAFE DRINKING WATER BOND LAW OF 1976. LEGISLATIVE STATUTORY AMENDMENT. Amends California Safe Drinking Water Bond Law of 1976 by authorizing Legislature to increase from $15,000,000 to $30,000,000 the amount of previously authorized bond proceeds that may be used for grants to political subdivisions, owning or operating domestic water systems, upon determination that such subdivisions are otherwise unable to meet minimum safe drinking water standards. Provides that up to $15,000,000 of the $30,000,000 may be used for grants for construction, improvement, or rehabilitation of domestic water systems which have become contaminated by organic or inorganic compounds, or radiation. Fiscal impact on state or local governments: Revenue loss to State General Fund of $36 million (in principal plus interest) over a 30-year period