California Public Utilities Code 90480.5 – The negotiated purchase price of any existing facilities which are …
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The negotiated purchase price of any existing facilities which are acquired by the district shall not exceed the fair market value of the tangible real and personal property which is acquired.
(Added by Stats. 1965, Ch. 2039.)
Terms Used In California Public Utilities Code 90480.5
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Personal property: All property that is not real property.