SACRAMENTO – The Governor has signed a bill by Assemblyman Jerry Hill (D – San Mateo) that could save up to $35 million for water customers in San Mateo, Santa Clara, and Alameda counties. Assembly Bill 2167 – which the governor signed Friday – allows the Bay Area Water Supply and Conservation Agency (BAWSCA) to issue bonds at a low interest rate for the repayment of regional drinking-water infrastructure improvement costs.
BAWSCA represents 24 cities and water districts, and two private utilities, that purchase water wholesale from the San Francisco regional water system. These entities provide water to 1.7 million people, businesses, and community organizations in San Mateo, Santa Clara and Alameda counties. BAWSCA's members are wholesale water customers of the Hetch Hetchy Regional Water System.
AB 2167 would clarify that BAWSCA may use its bond authority to repay the remaining debt owed to the City and County of San Francisco pursuant to the 2009 Water Supply Agreement. It is estimated that BAWSCA members could save up to $35 million over 25 years by financing this debt with lower-interest bonds.
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Nate Solov
Office of Assemblymember Jerry Hill
916-319-2019
www.asm.ca.gov/hill
BAWSCA represents 24 cities and water districts, and two private utilities, that purchase water wholesale from the San Francisco regional water system. These entities provide water to 1.7 million people, businesses, and community organizations in San Mateo, Santa Clara and Alameda counties. BAWSCA's members are wholesale water customers of the Hetch Hetchy Regional Water System.
AB 2167 would clarify that BAWSCA may use its bond authority to repay the remaining debt owed to the City and County of San Francisco pursuant to the 2009 Water Supply Agreement. It is estimated that BAWSCA members could save up to $35 million over 25 years by financing this debt with lower-interest bonds.
###
Nate Solov
Office of Assemblymember Jerry Hill
916-319-2019
www.asm.ca.gov/hill
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