Public-domain · open source
OpenJurist

Cal. Gov. Code § 66959

Fiscal Provisions

Known as the Lake Tahoe Acquisitions Bond Act

The act spans §§ 66950–66966 (18 sections).

Added by Stats. 1982, Ch. 305, Sec. 1

If the value of any land to be purchased by the agency has been substantially reduced by any statute, ordinance, rule, regulation, or other order adopted after January 1, 1980, by state or local government for the purpose of protecting water quality or other resources in the region, the agency may purchase the land for a price it determines would assure fairness to the landowner. In determining the price to be paid for the land, the agency may consider the price which the owner originally paid for the land, any special assessments paid by the landowner, and any other factors the agency determines should be considered to ensure that the landowner receives a fair and reasonable price for the land.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.