California Water Code

§ 79573

WAT § 79573Div. 26.5 · Ch. 10

Statute text

(a)The purchase price for each acquisition made pursuant to Section 79572 shall not exceed the fair market value of the property as defined in Section 1263.320 of the Code of Civil Procedure. Fair market value shall be determined by an appraisal that is prepared by a licensed real estate appraiser and approved by the Wildlife Conservation Board and the Department of General Services.

(b)All real property acquired pursuant to this chapter shall be acquired from willing sellers.

Legislative history

Added November 5, 2002, by initiative Proposition 50.