California Water Code 11671 – The department shall not cancel any contract or lease under the next …
Current as of: 2024 | Check for updates
|
Other versions
The department shall not cancel any contract or lease under the next preceding section unless and until it first determines and assures itself that notwithstanding the cancellation, it will receive and be paid a total revenue or consideration at least equal to that which would be received by it were the contract or lease not canceled, and within the unexpired portion of the term of the contract or lease.
(Amended by Stats. 1957, Ch. 1932.)
Terms Used In California Water Code 11671
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC