Public Utilities Code section 40223

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.

Source: Section 40223, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=40223. (updated Jan. 1, 1981; accessed Jun. 25, 2025).

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Up to date

Verified:
Jun. 25, 2025

§ 40223's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_40223

Original Source: Section 40223, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=40223. (last accessed May 12, 2025).