(a) It is the intent of the Legislature in establishing the CalConserve Water Use Efficiency Revolving Fund to create a sustainable funding source for water use efficiency projects. (b) It is further the intent of the Legislature that the funds from the CalConserve Water Use Efficiency Revolving Fund be used for the following purposes: (1) Measurable reductions in urban per capita water use. (2) Improvements in agricultural water use efficiency and measurable reductions in agricultural water use. (3) Increased use of recycled water. (4) Reductions in greenhouse gas emissions and water and energy use. (c) It is the intent of the Legislature that any public funds made available by this division to private water companies regulated by the Public Utilities Commission should be for the benefit of the ratepayers or the public and not the investors pursuant to oversight by the Public Utilities Commission.
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