Amended IN Assembly March 21, 2019 CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 689Introduced by Assembly Member McCartyFebruary 15, 2019 An act to amend Section 11501 of add Section 12773 to the Public Utilities Code, relating to the Municipal Utility District Act. LEGISLATIVE COUNSEL'S DIGESTAB 689, as amended, McCarty. Municipal Utility District Act. Act: nonstock security.The Municipal Utility District Act authorizes the formation of a municipal utility district and authorizes a district to acquire, construct, own, operate, control, or use works for supplying the inhabitants of the district and public agencies with light, water, power, heat, transportation, telephone service, or other means of communication, or means for the collection, treatment, or disposition of garbage, sewage, or refuse matter.This bill would make a nonsubstantive change to the provision naming the act.This bill would authorize a district that has owned and operated an electrical distribution system or electrical generating facility for at least 8 years and that contains a population of 250,000 or more persons to acquire and hold nonstock security, as defined, in a corporation or other private entity. The bill would authorize the governing board of the district to sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 12773 is added to the Public Utilities Code, to read:12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.SECTION 1.Section 11501 of the Public Utilities Code is amended to read:11501.This division shall be known, and may be cited, as the Municipal Utility District Act.
Amended IN Assembly March 21, 2019 CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 689Introduced by Assembly Member McCartyFebruary 15, 2019 An act to amend Section 11501 of add Section 12773 to the Public Utilities Code, relating to the Municipal Utility District Act. LEGISLATIVE COUNSEL'S DIGESTAB 689, as amended, McCarty. Municipal Utility District Act. Act: nonstock security.The Municipal Utility District Act authorizes the formation of a municipal utility district and authorizes a district to acquire, construct, own, operate, control, or use works for supplying the inhabitants of the district and public agencies with light, water, power, heat, transportation, telephone service, or other means of communication, or means for the collection, treatment, or disposition of garbage, sewage, or refuse matter.This bill would make a nonsubstantive change to the provision naming the act.This bill would authorize a district that has owned and operated an electrical distribution system or electrical generating facility for at least 8 years and that contains a population of 250,000 or more persons to acquire and hold nonstock security, as defined, in a corporation or other private entity. The bill would authorize the governing board of the district to sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
Amended IN Assembly March 21, 2019
Amended IN Assembly March 21, 2019
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill No. 689
Introduced by Assembly Member McCartyFebruary 15, 2019
Introduced by Assembly Member McCarty
February 15, 2019
An act to amend Section 11501 of add Section 12773 to the Public Utilities Code, relating to the Municipal Utility District Act.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 689, as amended, McCarty. Municipal Utility District Act. Act: nonstock security.
The Municipal Utility District Act authorizes the formation of a municipal utility district and authorizes a district to acquire, construct, own, operate, control, or use works for supplying the inhabitants of the district and public agencies with light, water, power, heat, transportation, telephone service, or other means of communication, or means for the collection, treatment, or disposition of garbage, sewage, or refuse matter.This bill would make a nonsubstantive change to the provision naming the act.This bill would authorize a district that has owned and operated an electrical distribution system or electrical generating facility for at least 8 years and that contains a population of 250,000 or more persons to acquire and hold nonstock security, as defined, in a corporation or other private entity. The bill would authorize the governing board of the district to sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
The Municipal Utility District Act authorizes the formation of a municipal utility district and authorizes a district to acquire, construct, own, operate, control, or use works for supplying the inhabitants of the district and public agencies with light, water, power, heat, transportation, telephone service, or other means of communication, or means for the collection, treatment, or disposition of garbage, sewage, or refuse matter.
This bill would make a nonsubstantive change to the provision naming the act.
This bill would authorize a district that has owned and operated an electrical distribution system or electrical generating facility for at least 8 years and that contains a population of 250,000 or more persons to acquire and hold nonstock security, as defined, in a corporation or other private entity. The bill would authorize the governing board of the district to sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 12773 is added to the Public Utilities Code, to read:12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.SECTION 1.Section 11501 of the Public Utilities Code is amended to read:11501.This division shall be known, and may be cited, as the Municipal Utility District Act.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 12773 is added to the Public Utilities Code, to read:12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
SECTION 1. Section 12773 is added to the Public Utilities Code, to read:
### SECTION 1.
12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
12773. (a) For purposes of this section, security has the same meaning as defined in Section 25019 of the Corporations Code.
(b) This section is only applicable to a district that has owned and operated an electrical distribution system or electrical generating facility for at least eight years and that contains a population of 250,000 or more persons.
(c) A district meeting the requirements of subdivision (b) may take by grant, purchase, gift, devise, lease, or otherwise acquire and hold nonstock security in a corporation or other private entity. The board may sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.
This division shall be known, and may be cited, as the Municipal Utility District Act.