California Public Utilities Code

§ 849.4

PUC § 849.4 Effective Jan 1, 2015Div. 1 · Part 1 · Ch. 4 · Art. 5.7

Statute text

(a)A security interest in water supply property is valid, is enforceable against the pledgor and third parties, is subject to the rights of any third party holding a security interest in the water supply property perfected in the manner described in this section, and attaches when all of the following occur:

(1)The commission has issued the financing order authorizing the water supply charges included in the water supply property.

(2)Value has been given by the pledgees of the water supply property.

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Legislative history

Added by Stats. 2014, Ch. 482, Sec. 6. (SB 936) Effective January 1, 2015.