California SB1417 mandates mutual water companies to notify shareholders and others of proposed assessments or water charge increases.

SB1417 requires mutual water companies to provide notice and access to records before proposing an assessment or increasing water charges by more than 20%. Eligible persons, including shareholders and tenants, must receive a written proposal and notice of a public meeting at least 45 days before the meeting. The notice can be sent electronically if the recipient has verified their email address. The company must also post the notice on its websites and social media.

California SB1417 mandates mutual water companies to notify shareholders and others of proposed assessments or water charge increases.

SB1417 requires mutual water companies to provide notice and access to records before proposing an assessment or increasing water charges by more than 20%. Eligible persons, including shareholders and tenants, must receive a written proposal and notice of a public meeting at least 45 days before the meeting. The notice can be sent electronically if the recipient has verified their email address. The company must also post the notice on its websites and social media.