Public Utilities Code § 40223

CHAPTER 6.5. Existing Systems

Current as of September 28, 2026Pub. Util. Code, § 40223Official source ↗

Amended by Stats. 1981, Ch. 493, Sec. 6.

The purchase price to be paid for the existing system, or any portion thereof to be purchased, shall be the reproduction cost new, including going concern value, at the date upon which the district commences negotiations for the purchase of the existing system, or the portion of the existing system, less depreciation, including wear, tear, and obsolescence, if any.