Establishes a municipal right of first refusal for real property disposal by utility companies.
The bill mandates that the division of local services, in collaboration with the department of public utilities, create and enforce a policy. This policy requires public and investor-owned utility companies to notify and offer the right of first refusal to the municipality when they intend to dispose of real property. This ensures municipalities have the opportunity to purchase or otherwise acquire the property before it is offered to others.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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