SB1291 amends the Corporations Code to enhance transparency and public participation in mutual water companies.
SB1291 amends the Corporations Code to require mutual water companies to adopt an annual budget and contract for an annual financial review. It mandates that meeting notices and agendas be posted on the company's website and distributed electronically. The bill allows eligible persons to attend meetings in person or via teleconference, and requires companies to provide meeting minutes and other documents upon request. It also requires mutual water companies to make annual consumer confidence reports available online and to mail one copy to each customer.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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