AB 877, as introduced, Chu. Transportation: property acquisition.
Existing law provides that when the Department of Transportation or the High-Speed Rail Authority acquires title to real property for highway or high-speed rail purposes, as specified, and leases that property for commercial or business uses to the former owner for a term exceeding 6 months, the department or authority, as the case may be, may secure fire insurance for the property if the former owner requests the coverage and the premium is included in the rental agreed to be paid.
This bill would make nonsubstantive changes to these provisions.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 11007.1 of the Government Code is
2amended to read:
(a) The Department of Transportation, when it has
4acquired title to any real property for highway purposes and leases
5that property for commercial or business uses to the former owner
6for a term exceeding six months, may secure insurance against the
P2 1risk of damage or destruction by firebegin delete whereend deletebegin insert ifend insert the former owner
2requests this coverage and the premium therefor is included in the
3rental agreed to be paid.
4(b) The High-Speed Rail Authority, when it has acquired title
5to any real property for high-speed rail purposes and leases that
6property for commercial or business uses to the
former owner for
7a term exceeding six months, may secure insurance against the
8risk of damage or destruction by firebegin delete whereend deletebegin insert ifend insert the former owner
9requests this coverage and the premium therefor is included in the
10rental agreed to be paid.
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