California Government Code

§ 54253

GOV § 54253 Effective Jan 1, 1993Div. 2 · Title 5 · Part 1 · Ch. 5 · Art. 10

Statute text

No proposed franchise, license, or service agreement for a privatization project pursuant to this article shall be entered into between a local agency and a privatizer unless and until all of the following occur:

(a)The local agency has selected the privatizer through a competitive procedure which is not based solely on the price offered by the privatizer.

(b)The local agency has evaluated the project’s design, capacity, financial feasibility, and cost compared with other conventional financing methods, as well as other alternatives to the project and found that the project’s costs will be equal to, or lower than, conventional financing.

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Legislative history

Amended by Stats. 1992, Ch. 669, Sec. 2. Effective January 1, 1993.