There Is a Newer Version of the California Code
2016 California Code
Public Utilities Code - PUC
DIVISION 3 - PUBLIC UTILITY FRANCHISES BY LOCAL GOVERNMENTS
CHAPTER 3 - Resettlement of Street, Suburban, and Interurban Railroad Franchises
Section 6456.
CA Pub Util Code § 6456 (2016) What's This?
6456. 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.)
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