California Public Utilities Code 6456 – The grantee shall pay to the city or city and county such a …
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The grantee shall pay to the city or city and county such a percentage of the net revenue annually collected from any and all sources under and by virtue of the franchise, permit, or privilege as is fixed in the franchise. What constitutes such annual net revenue shall be provided in the franchise.
(Enacted by Stats. 1951, Ch. 764.)
Terms Used In California Public Utilities Code 6456
- City: includes city and county and "incorporated town" but does not include "unincorporated town" or "village. See California Public Utilities Code 19
- County: includes city and county. See California Public Utilities Code 18