California § 849.6. 849.6. (Added by Stats. 2014, Ch. 482, Sec. 6.)

California Statutes

§ 849.6. — 849.6. (Added by Stats. 2014, Ch. 482, Sec. 6.)

California·Code PUC Public Utilities Code - PUC·Div. 1. DIVISION 1. REGULATION OF PUBLIC UTILITIES·Part 1. PART 1. PUBLIC UTILITIES ACT·Ch. 4. CHAPTER 4. Regulation of Public Utilities·Art. 5.7. ARTICLE 5.7. Monterey Peninsula Water Supply Securitization Act

A successor to the qualified water utility, whether pursuant to bankruptcy, reorganization, or other insolvency proceeding, or pursuant to merger, sale, or transfer, by operation of law, or otherwise, shall perform and satisfy all obligations of the qualifying water utility pursuant to this article in the same manner and to the same extent as the qualified water utility, including, but not limited to, collecting and paying to the holders of water rate relief bonds or any financing entities or their pledgees revenues arising with respect to the water supply property sold to the applicable financing entity or pledged to secure water rate relief bonds.

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A successor to the qualified water utility, whether pursuant to bankruptcy, reorganization, or other insolvency proceeding, or pursuant to merger, sale, or transfer, by operation of law, or otherwise, shall perform and satisfy all obligations of the qualifying water utility pursuant to this article in the same manner and to the same extent as the qualified water utility, including, but not limited to, collecting and paying to the holders of water rate relief bonds or any financing entities or their pledgees revenues arising with respect to the water supply property sold to the applicable financing entity or pledged to secure water rate relief bonds.

California § 849.6. (849.6. (Added by Stats. 2014, Ch. 482, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.