No lease of a public utility is valid for a period of more than 15 years, and all such leases shall be let to the highest bidder at public auction.
Cal. Pub. Util. Code § 10006
Acquisition and Operation
Enacted by Stats. 1951, Ch. 764.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.