California Public Utilities Code 98406 – Upon dissolution the right, title and interest to property owned or …
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Upon dissolution the right, title and interest to property owned or controlled by the district shall be divided among the cities within the district and the county according to the ratio which the assessed valuation of taxable property of each city within the district and the unincorporated area within the district bears to the total assessed valuation of taxable property within the district.
(Added by Stats. 1967, Ch. 978.)
Terms Used In California Public Utilities Code 98406
- City: includes city and county and "incorporated town" but does not include "unincorporated town" or "village. See California Public Utilities Code 19
- County: includes city and county. See California Public Utilities Code 18