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SGMA meaning in Business ?

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Answer: What is Sustainable Groundwater Management Act mean?

The Sustainable Groundwater Management Act (SGMA) is a three-bill package that passed the California state legislature and was signed into California state law by Governor Jerry Brown in September 2014. Its purpose is to ensure better local and regional management of groundwater use and it seeks to have a sustainable groundwater management in California by 2042. It emphasizes local management and formed groundwater sustainability agencies (GSAs) from local and regional authorities.

Proposition 1 provides $100 million to financially support sustainable groundwater management as well as cleanup and storage.

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