§ 10006 Public Utility Lease Limits
This law says that any lease of a public utility cannot last longer than 15 years and must be awarded by public auction to the highest bidder.
A city wants to lease its water treatment plant to a private company for 20 years.
The city must first hold a public auction and can only sign a lease that lasts up to 15 years; a longer lease would be invalid.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 10006 Public Utility Lease Limits
Last verified: January 11, 2026