Poseidon Water could receive millions in state bonds for Huntington Beach plant
The controversial Poseidon Water seawater desalination plant in Huntington Beach could be in line to receive millions in state funds from the California Debt Limit Allocation Committee. The committee met Wednesday, a three-hour meeting during which it partially decided how to divide up more than $4.3 billion in tax exempt Private Activity Bonds that are available for distribution in 2022. Most of the money — about $3.7 billion — will go to qualified residential rental programs…. However, the committee also voted to allocate about $510 million to other exempt facilities, which include Poseidon.