California Government Code 66540.37 – The authority may accept, through purchase of fee, conveyance of …
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The authority may accept, through purchase of fee, conveyance of title, long-term lease, or other means deemed appropriate, the vessels, terminals, maintenance and support facilities, and other assets of public water transportation services providers.
(Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
Terms Used In California Government Code 66540.37
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC