Cadiz Inc. Statement on Passage of Senate Bill 307 by California State Assembly
Cadiz, Inc. (CDZI)
Last cadiz, inc. earnings: 11/8 05:19 pm
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Source: GlobeNewswire
LOS ANGELES, July 11, 2019 (GLOBE NEWSWIRE) -- Today, the California State Assembly considered and passed Senate Bill 307 (“SB 307”), a measure designed to require additional state review of the Cadiz Water Project. The legislation will now move to Governor’s Office for consideration. Governor Gavin Newsom has 12 days to either sign the measure or veto it. The Company issued the following statement regarding the Assembly vote: “As our Governor has repeatedly emphasized, California continues to suffer from chronic water supply and affordable housing shortages. These problems are not unrelated. Solutions to these two critical problems depend on infrastructure improvements that are opposed at every turn. Bills like SB 307 will make solutions even tougher to achieve. An earlier version of the Cadiz Water Project was approved by the United States Department of the Interior in 2002. A revised Project underwent a decade of additional study, peer review, state environmental im
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