Proposition 1 – Water Quality, Supply & Infrastructure Improvement Act of 2014 was passed by the voters in November 2014 and is A $7.545 billion Water Bond authorizing $7.12 billion in new general obligation bonds and the reallocation of $425 million in unused bond authority.
Key Funding Areas include:
Chapter 7 includes $810 million for expenditures, competitive grants & loans to projects included in an adopted (IRWM) plan & projects that respond to climate change & contribute to regional water security. Of the $810 million, $510 million is specifically assigned to hydrologic regions for IRWM funding. There will be at least 2 rounds of IRWM Funding, including a Round 1, which will comprises a Limited Planning Grant Program ($5 million) available to IRWM regions without an approved Plan or for Plans that require updating because of legislative changes and discrete Disadvantaged Communities (DAC) Involvement Funding for IRWM regions to increase DAC participation and for planning activities and documents. The Round 1 PSP and Guidelines will be released in mid-January 2016.
The second round of IRWM funding will likely be available in 2017 and will be focused on Implementation.
The Central Coast Funding Allocation for all Rounds is $43 million.