This measure authorizes the state to sell $995 million of general obligation bonds for the purposes of restoration and improvement of the Bay-Delta; wastewater treatment and water supply and conservation; and local flood control and prevention. General obligation bonds are backed by the state, meaning that the state is required to pay the principal and interest costs on these bonds. General Fund revenues would be used to pay these costs. General Fund revenues come primarily from the state personal and corporate income taxes and sales tax.