Public Utilities Code - PUC
DIVISION 3. PUBLIC UTILITY FRANCHISES BY LOCAL GOVERNMENTS [6001 - 6467]
( Division 3 enacted by Stats. 1951, Ch. 764. ) CHAPTER 3. Resettlement of Street, Suburban, and Interurban Railroad Franchises [6451 - 6467]
( Chapter 3 enacted by Stats. 1951, Ch. 764. ) 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.)