California Public Utilities Code 100162 – The VTA may lease or contract for the use of its transit facilities, …
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The VTA may lease or contract for the use of its transit facilities, or any portion thereof, to any operator, and may provide for subleases by an operator upon terms and conditions as it deems in the public interest. The word “operator” as used in this section means any public agency or any person.
(Amended by Stats. 2016, Ch. 381, Sec. 57. (AB 2196) Effective January 1, 2017.)
Terms Used In California Public Utilities Code 100162
- Contract: A legal written agreement that becomes binding when signed.
- 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