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Monterey County delays use of Cal Am credit; Board wants to know where money will be spent

Posted by: Maven on January 12, 2012 at 7:14 am

From the Monterey County Herald:

“After absorbing heavy public criticism, county supervisors decided Tuesday to limit the use of a California American-backed line of credit for Regional Water Project expenses — for at least two weeks.

The supervisors unanimously voted to use $62,000 from the Cal Am credit line to pay costs of applying for low-interest state clean water funds for the stalled desal project. But they postponed a request to tap as much as $3 million more until Jan. 24, directing the county Water Resources Agency’s interim general manager David Chardavoyne to account for what the money would be spent on. … “

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January 12, 2012 · Filed Under Central Coast

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