The VTA and public utility operating the existing system may agree upon the purchase price or they may agree that the purchase price is to be established by arbitration and upon the method of naming arbitrators and the method of conducting such arbitration.
Cal. Pub. Util. Code § 100055.3
Existing Systems
Known as the Santa Clara Valley Transportation Authority Act
The act spans §§ 100000–100619 (165 sections).
Amended by Stats. 2016, Ch. 381, Sec. 18
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.