Section 13432 Of Article 2.5. Guarantees For Local Agency Bonds From California Water Code >> Division 7. >> Chapter 6. >> Article 2.5.

. The state board may charge an annual fee not to exceed one-tenth of 1 percent of the principal amount of each bond issue that it guarantees for guarantee coverage. The state board may charge a lesser amount. The proceeds of any fee shall be paid into the Clean Water Bond Guarantee Fund.