California Government Code 93312 – The authority has all of the following powers:(a) To acquire, …
The authority has all of the following powers:
(a) To acquire, own, operate, and lease real and personal property reasonably related to the operation and maintenance of railroads.
Terms Used In California Government Code 93312
- authority: means the Central California Railroad Authority. See California Government Code 93303
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
- Personal property: All property that is not real property.
(b) To issue revenue bonds pursuant to Section 93316 for any purpose of the authority.
(c) To acquire property by purchase, lease, gift, or through exercise of the power of eminent domain, within its area of jurisdiction.
(d) To operate railroads, including those outside its boundaries in order to connect its lines with the lines of another railroad corporation, provided the service begins within the authority’s area of jurisdiction.
(e) To accept grants or loans from federal agencies.
(f) To select a franchisee, which may be a public or private entity, to acquire or operate a rail transportation system within the area of the authority’s jurisdiction.
(Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.)