State Treasurer Announces Sale Of $299.6 Million In Bonds For State Water Project

California State Treasurer Fiona Ma announced the competitive sale this week of $299.6 million in California Department of Water Resources water system revenue bonds to refinance certain State Water Project capital improvements, including a portion of the costs of the Oroville Dam Spillways Response, Recovery and Restoration Project. “These funds will be used to finance the reconstruction of the Oroville dam spillways to help provide flood control and water supply throughout California,” said Treasurer Ma. The main spillway chute of Oroville Dam experienced damage in 2017 due to heavy rains during the wettest January and February in 110 years of Feather River hydrologic record.