California Statutes
§ 857. — 857. (Added by Stats. 2009, Ch. 448, Sec. 1.)
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. 6. ARTICLE 6. Transfer or Encumbrance of Utility Property
(a)A public utility that owns real property acquired for purposes of obtaining a utility right-of-way, may lease that property to a governmental entity for purposes of a public park, if the utility retains the use of the right-of-way for
public utility purposes.
(b)In determining whether a lease of real property to a governmental entity for park purposes is for fair value, the commission shall include the community benefits of parks and open space as a benefit to ratepayers.
(c)As used in this section, “community benefits” include, but are not limited to, improving public health, protecting the environment, and increasing recreational assets.
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California § 857. (857. (Added by Stats. 2009, Ch. 448, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2009, Ch. 448, Sec. 1. (AB 521) Effective January 1, 2010.