California Public Utilities Code

§ 853.2

PUC § 853.2 Effective Sep 25, 2016Div. 1 · Part 1 · Ch. 4 · Art. 6

Statute text

For a water or sewer system corporation or an entity merging with or acquiring control of a water or sewer system corporation with less than 2,000 service connections, the following shall apply to transactions valued at five million dollars ($5,000,000) or less, notwithstanding Sections 851 and 854:

(a)(1) A water or sewer system corporation or an entity merging with or acquiring control of a water or sewer system corporation shall receive the commission’s approval before entering into a transaction that would otherwise be subject to Section 851 or 854.

(2)If a water or sewer system corporation or an entity merging with or acquiring control of a water or sewer system corporation fails to receive the commission’s approval pursuant to paragraph (1), the transaction is voidable by the commission until the commission does either of the following:

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Legislative history

Added by Stats. 2016, Ch. 631, Sec. 1. (SB 1112) Effective September 25, 2016.