§11-35-201. Sale or lease of municipally owned public utility -
203 words·~1 min read·
/ok/title-11-cities-and-towns/11-35-201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Applicability - Charters.
The provisions of this section through Section 35-205 of this title relating to the procedure for selling or leasing municipally owned public utilities shall apply when the municipally owned public utility is to be sold or leased in its entirety and its fair market value exceeds Ten Thousand Dollars ($10,000.00). The provisions of this section through Section 35-205 of this title shall not apply to any sale of property of a municipality to the state or any agency or county thereof or any sale or lease to a public trust of which the municipality is the sole beneficiary.
Any municipality governed by charter, when authorized by said charter, may sell, convey, or lease any public utility owned by the municipality without conducting an election as provided for in Section 35-203 of this title. For purposes of this section through Section 35-205 of this title, "public utility" shall be interchangeable with "public utilities, works and ways" and shall include municipally owned parks, lakes and recreation areas. Added by Laws 1977, c. 256, § 35-201, eff.
July 1, 1978. Amended by Laws 1984, c. 126, § 64, eff. Nov. 1, 1984; Laws 1995, c. 166, § 6, emerg. eff. May 4, 1995.