Section 13430 Of Article 2.5. Guarantees For Local Agency Bonds From California Water Code >> Division 7. >> Chapter 6. >> Article 2.5.

. The state board's authorization to guarantee bonds under this article shall be limited to bonds with a total principal amount of not more than 10 times the amount in the Clean Water Bond Guarantee Fund at the time the state board determines to extend each guarantee pursuant to Section 13426.