California Public Utilities Code 170068 – The authority may only accept the transfer of ownership of other …
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The authority may only accept the transfer of ownership of other publicly owned airports in the County of San Diego upon initiation by the respective airport operator. Any transfer shall include the preparation of a transition plan to ensure the orderly transfer of assets and obligations. In accepting a transfer, the authority may assume no financial obligations other than those associated with the operation of the airport being transferred.
(Amended by Stats. 2002, Ch. 978, Sec. 20. Effective September 27, 2002.)
Terms Used In California Public Utilities Code 170068
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- County: includes city and county. See California Public Utilities Code 18