The negotiated purchase price of any existing facilities which are acquired by the district shall not exceed the fair market value of the tangible real and personal property which is acquired.
Cal. Pub. Util. Code § 90480.5
Transit Facilities and Service
Known as the San Diego County Transit District Act
The act spans §§ 90000–93017 (221 sections).
Added by Stats. 1965, Ch. 2039.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.