10-03-2014 BPU RPT 13 - Laserfiche WebLink

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WATER ENERGY LIFE RIVERSIDE PUBLIC UTILITIES Wig Board Memorandum PUBLIC UTILITIES BOARD OF PUBLIC UTILITIES DATE: OCTOBER 3, 2014 ITEM NO: 13 SUBJECT: PROPOSITION 1 — THE WATER QUALITY, SUPPLY AND INFRASTRUCTURE IMPROVEMENT ACT OF 2014 ISSUE: The item for Board of Public Utilities consideration is approval to support Proposition 1 — the Water Quality, Supply and Infrastructure Improvement Act of 2014. RECOMMENDATION: That the Board of Public Utilities recommend the Riverside City Council adopt a resolution in support of Proposition 1 — the Water Quality, Supply and Infrastructure Improvement Act of 2014. BACKGROUND: Proposition 1 — the Water Quality, Supply and Infrastructure Improvement Act of 2014, is a measure that has qualified for the November 4, 2014 General Election ballot and will provide $7.545 billion for State water supply infrastructure projects. The Proposition would do the following: • Authorize $7.12 billion in new general obligation bonds, plus $425 million in existing unspent bond funds, for State water supply infrastructure projects, such as public water system improvements, surface and groundwater storage, drinking water protection, water recycling and advanced water treatment technology, water supply management and conveyance, wastewater treatment, drought relief, emergency water supplies and ecosystem and watershed protection and restoration. o $520 million to improve water quality for "beneficial use," for reducing and preventing drinking water contaminants, disadvantaged communities and the State Water Pollution Control Revolving Fund Small Community Grant Fund. o $1.495 billion for competitive grants for multi - benefit ecosystem and watershed protection and restoration projects. o $810 million for expenditures on, and competitive grants and loans to, integrated regional water management plan projects. o $2.7 billion for water storage projects, dams and reservoirs. o $725 million for water recycling and advanced water treatment technology projects. o $900 million for competitive grants, and loans for, projects to prevent or clean up the contamination of groundwater that serves as a source of drinking water. o $395 million for statewide flood management projects and activities. • Appropriate money from the General Fund to pay off bonds. • Require certain projects to provide matching funds from non -State sources in order to receive bond funds.