Added by Stats. 2009, Ch. 448, Sec. 1. (AB 521) Effective January 1, 2010.
(a)A public utility that owns real property acquired for purposes of obtaining a utility right-of-way, may lease that property to a governmental entity for purposes of a public park, if the utility retains the use of the right-of-way for
public utility purposes.
(b)In determining whether a lease of real property to a governmental entity for park purposes is for fair value, the commission shall include the community benefits of parks and open space as a benefit to ratepayers.
(c)As used in this section, “community benefits” include, but are not limited to, improving public health, protecting the environment, and increasing recreational assets.
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