At least 60 days prior to the final approval of the renewal or extension of a long-term
water supply contract between the department and a state water project contractor,
the department shall present at an informational hearing before the Legislature the
details of the terms and conditions of the contract and how they serve as a template
for the remaining long-term water supply contracts. This presentation shall be made to the Joint Legislative Budget Committee and relevant
policy and fiscal committees of both houses, as determined by the Speaker of the Assembly
and the Senate Committee on Rules. The department shall submit a copy of one long-term contract to the Joint Legislative
Budget Committee no less than 30 days prior to the scheduled hearing.
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