Statute · California Public Utilities Code
Cal. Pub. Util. Code § 7505 — Administration and Finance
Cal. Pub. Util. Code § 7505
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 1996-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Revenue derived from passenger rail service on the Northwestern Pacific Railroad right-of-way south of Willits to Larkspur shall only be used for capital improvements to, and operating expenses of, the passenger rail service south of Willits to Larkspur.
Citator
Cal. Pub. Util. Code § 7505 — Administration and Finance is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Revenue derived from passenger rail service on the Northwestern Pacific Railroad right-of-way south of Willits to Larkspur shall only be used for capital improvements to, and operating expenses of, the passenger rail service south of Willits to Larkspur.
(b) Real property on which the Northwestern Pacific Railroad right-of-way south of Willits to Larkspur is located shall not be pledged or mortgaged to fund capital improvements on the right-of-way north of Willits.