SECTIONS 11560 - California Statutes

WATER CODE

SECTION 11560

11560. The department shall construct the project when, in its
judgment, appropriations, contributions, and revenues from all
sources which are available or which will be made or become available
upon, during, after, or before construction of the project,
including contracts which the department may negotiate and enter into
with responsible persons, public or private agencies, the United
States, and state agencies for the sale or disposal of water, water
flow, the use of water, water storage, electric power, or other
resources and facilities to be made available by the project, are or
will be available from such sources in such amounts and at such times
as will afford funds sufficient to pay and discharge as and when the
same become due and payable all cost and expense incurred prior to
construction, and all cost and expense of construction, operation,
and maintenance of the project, together with necessary repairs and
replacements thereto, including funds sufficient to meet and pay, as
and when they become due and payable, all bonds, with interest
accruing thereon, within a period of not to exceed 70 years after the
beginning of the construction of the project.