{"code":"PUC","codeName":"Public Utilities Code","section":"10060","citation":"Pub. Util. Code, § 10060","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 5. UTILITIES OWNED BY MUNICIPAL CORPORATIONS [10001. - 10303.]","url":"https://blackletter.si/public-utilities-code/division-5"},{"name":"CHAPTER 1. Acquisition, Operation, and Sale of Utilities [10001. - 10303.]","url":"https://blackletter.si/public-utilities-code/division-5/chapter-1"},{"name":"ARTICLE 2. Sale and Disposal [10051. - 10061.]","url":"https://blackletter.si/public-utilities-code/division-5/chapter-1/article-2"}],"history":"Enacted by Stats. 1951, Ch. 764.","effective":null,"html":"<p>The proceeds of the sale of the public utility shall be placed in the municipal treasury and shall be applied exclusively for the purposes and objects mentioned in the ordinance calling the election for the sale of the public utility.</p>","text":"The proceeds of the sale of the public utility shall be placed in the municipal treasury and shall be applied exclusively for the purposes and objects mentioned in the ordinance calling the election for the sale of the public utility.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/sale-and-disposal-10060","source":"California Legislative Information bulk export (pubinfo)"}