Section 790.1 Of Article 3.5. Water Utility Infrastructure, Plant And Facilities From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 3.5.
790.1
. In any proceeding pending after January 1, 1996, the
commission shall apply this article in its consideration of any
matter concerning the sale by a water corporation of real property
that is not necessary or useful in the provision of water utility
service, for any sale that occurred prior to that date. If the water
corporation has not invested the net proceeds therefrom in utility
infrastructure, plant, facilities, and properties that are necessary
or useful in the provision of water service to the public, it may
elect to do so during the period provided in subdivision (c) of
Section 790 and that period shall be deemed to have commenced as of
January 1, 1996.