California Public Utilities Code

§ 98406

PUC § 98406Div. 10 · Part 10 · Ch. 10

Statute text

Upon dissolution the right, title and interest to property owned or controlled by the district shall be divided among the cities within the district and the county according to the ratio which the assessed valuation of taxable property of each city within the district and the unincorporated area within the district bears to the total assessed valuation of taxable property within the district.

Legislative history

Added by Stats. 1967, Ch. 978.