California AB1712 regulates the sale of the City of Santa Fe Springs' water utility property, requiring voter approval and prohibiting sale if.

California AB1712 establishes specific conditions for the City of Santa Fe Springs to sell its water utility property. The sale can only proceed if approved by a majority of the city's registered voters. If 50% or more of interested persons protest the sale, the city must halt further steps. The city may attempt to sell the utility again after one year if the conditions are met. The law also mandates that the sale price must be at least the fair market value and requires a four-fifths vote from the city's legislative body.

California AB1712 regulates the sale of the City of Santa Fe Springs' water utility property, requiring voter approval and prohibiting sale if.

California AB1712 establishes specific conditions for the City of Santa Fe Springs to sell its water utility property. The sale can only proceed if approved by a majority of the city's registered voters. If 50% or more of interested persons protest the sale, the city must halt further steps. The city may attempt to sell the utility again after one year if the conditions are met. The law also mandates that the sale price must be at least the fair market value and requires a four-fifths vote from the city's legislative body.