California Public Utilities Code

§ 132321

PUC § 132321 Effective Jan 1, 2009Div. 12.7 · Ch. 2 · Art. 6

Statute text

(a)The commission may, upon terms, standards, and conditions approved by the commission, transfer environmental mitigation or conservation property to a public agency or to a nonprofit corporation that is qualified pursuant to Section 501(c)(3) of the Internal Revenue Code.

(1)As a condition to the transfer of property pursuant to this subdivision, the commission may enter into an agreement with the transferee to provide funding for the future maintenance and monitoring of the property consistent with any permit conditions and mitigation requirements imposed by state or federal law or conditions imposed by a state or federal agency. In determining the amount of the funding provided, the commission shall consider the costs of maintaining and monitoring the property and shall offset from the amount of those costs any benefit or value received by the transferee or the commission as a result of the transfer.

(2)The transferee to which the commission transfers the property shall assume the long-term responsibility for the future maintenance and monitoring of the property.

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Legislative history

Added by Stats. 2008, Ch. 83, Sec. 5. Effective January 1, 2009.