42 U.S.C. § 2373 — Transfer to governmental or other legal entity; determination of transferee
submitted 71 years ago by ch. 543 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 178 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Transfer may be made to one or more of the following, if the transferee has the legal authority to receive and operate the utility*.
the city at the community*;
the State* in which the community is located;
any political subdivision or agency of that State; or
any person, firm, corporation, or other legal entity.
In determining the transferee for any utility, the Commission* may consider the following:
the pattern of ownership of the comparable utilities in the State in which the community is located;
the ability of the transferee to operate the utility;
the probable price of the sale of the utility, the ability of the transferee to pay that price, and any probable expense;
the desires of the eligible voters of the community as directly expressed in any vote in any officially recognized procedure or in any procedure established by the Commission; and
the benefit to the United States in reducing possible requirements for local assistance as authorized in subchapters VII and VIII of this chapter.
Source credit: (Aug. 4, 1955, ch. 543, ch. 7, § 73, 69 Stat. 480.)
- 1955Enacted · Act of Aug. 4, 1955, ch. 543 · 69 Stat. 480
A history note hasn’t been published yet. The record shows enactment by ch. 543 on 1955-08-04.
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