Section 94510 - No return on equity; exclusion from ratebase; prohibited uses(a) The proportion of any asset funded pursuant to this section or Section 94520 or 94530 shall be funded without return on equity for the lifetime of the proportion of that asset that would have otherwise been borne by ratepayers.(b) The proportion of any projects funded pursuant to this section or Section 94520 or 94530 shall be excluded from the ratebase, and no costs may be collected from ratepayers.(c) It is the intent of the Legislature that bond moneys shall not be used for shareholder incentives or profits for shareholders of private corporations.Ca. Pub. Res. Code § 94510
Added by Stats 2024 ch 83 (SB 867),s 2, eff. 11/6/2024 upon the approval by the voters of the Safe Drinkiing Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024 (Approved in Proposition 4 at the November 5, 2024, election.).