City of Santa Fe Springs: sale of water utility property.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows the City of Santa Fe Springs to sell its water utility until January 1, 2032, with the goal of consolidating its water system with another public water system. The sale can only proceed if certain conditions are met, including a fair market value sale, voter approval, and demonstrating that the city lacks the capacity to maintain the water system effectively. It also includes a process for addressing public protests and requires a financial analysis to ensure the consolidation is economically feasible for ratepayers.
Key provisions
- Authorizes the City of Santa Fe Springs to sell its water utility.
- Sets a deadline for the sale: January 1, 2032.
- Requires voter approval for the sale.
- Mandates a fair market value sale.
- Specifies conditions for the sale, including demonstrating the city’s inability to maintain the water system.
- Requires consideration of public protests and a potential election if a significant number of residents object.
- Requires an independent financial analysis to assess economic feasibility.
- Establishes a phased-in rate increase process following the sale.
Who is affected
- City of Santa Fe Springs
- Residents of Santa Fe Springs
- Ratepayers of the water utility
- Other public water systems
- California ratepayers
Notable changes
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours