{"code":"PUC","codeName":"Public Utilities Code","section":"98303","citation":"Pub. Util. Code, § 98303","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT [98000. - 98407.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10"},{"name":"CHAPTER 6.5. Existing Systems [98300. - 98305.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10/chapter-6.5"}],"history":"Added by Stats. 1967, Ch. 978.","effective":null,"html":"<p>The purchase price to be paid for the existing system, or that part thereof which the district desires to purchase, shall be the reasonable market value of the buses and other facilities of the existing system on the date that the district commences negotiations for such purchase.</p>","text":"The purchase price to be paid for the existing system, or that part thereof which the district desires to purchase, shall be the reasonable market value of the buses and other facilities of the existing system on the date that the district commences negotiations for such purchase.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/existing-systems-98303","source":"California Legislative Information bulk export (pubinfo)"}