BILL ANALYSIS                                                                                                                                                                                                    �



                                                                      



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          |SENATE RULES COMMITTEE            |                  SB 1383|
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                                 THIRD READING


          Bill No:  SB 1383
          Author:   Hernandez (D)
          Amended:  8/6/12
          Vote:     27 - Urgency

           
           SENATE GOVERNANCE & FINANCE COMMITTEE :  7-1, 7/3/12
          AYES:  Wolk, Dutton, DeSaulnier, Hernandez, Kehoe, La 
            Malfa, Liu
          NOES:  Fuller
          NO VOTE RECORDED:  Yee


           SUBJECT  :    Local government:  sales of specific water 
          utility property

           SOURCE  :     City of El Monte


           DIGEST  :    This bill allows the City of El Monte (City) to 
          sell or transfer its public utility water system, without 
          voter approval, subject to specified requirements.

           ANALYSIS  :    State law does not provide a standard 
          procedure for cities to follow when they sell municipal 
          property, but for more than 80 years cities have had to 
          follow special procedures when they want to sell public 
          utilities that supply water, power, sewer, transportation, 
          or communication services.

          By a 2/3-vote, the city council must determine that the 
          public interest and necessity demand that the public 
          utility should be sold.  By a 2/3-vote, the city council 
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                                                               SB 1383
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          must explain how the city will spend the proceeds of the 
          sale and then call an election on selling the public 
          utility.  A successful election requires 2/3-voter 
          approval.  If the proposition passes, city officials must 
          sell the public utility to the highest and best bidder. 

          In 1996, the Legislature allowed cities to sell their water 
          utilities with majority-voter approval instead of 2/3-voter 
          approval.   Further, the Legislature allowed the Cities of 
          Montebello, Fontana, and West Covina to sell their water 
          utilities without any voter approval.

          This bill allows the City of El Monte to sell or transfer, 
          pursuant to specified statutes, all or any part of the 
          public utility for furnishing water service that it owns 
          and operates.  The sale or transfer is subject to the 
          following requirements:

          1. The El Monte City Council cannot sell the water utility 
             property for less than its fair market value, determined 
             in accordance with the Public Water System Investment 
             and Consolidation Act of 1997, which defines fair market 
             value as:

             A.    The highest price that would be agreed to by a 
                willing seller and willing buyer, acting under no 
                particular or urgent necessity to buy or sell, and 
                each with full knowledge of all the uses and purposes 
                for which the property is reasonably adaptable and 
                available.

          2. Upon acquiring the City's water system, the acquiring 
             water corporation assumes the obligation to provide 
             water service to all persons in the area formerly served 
             through the water system being sold by the city on the 
             same terms and conditions that the Public Utilities 
             Commission has found to be just and reasonable for the 
             acquiring water corporation's other customers in the 
             city and that do not unlawfully discriminate against the 
             previous customers of the city's water system.

          This bill sunsets on January 1, 2014.

           Comments

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          According to the Senate Governance and Finance Committee 
          analysis, the City's water utility is an aging system that 
          needs substantial investments in maintenance and 
          improvements.  In light of fiscal challenges confronting 
          the City, El Monte city council members are considering 
          selling the City's water system to another utility 
          provider.  The council has been negotiating the terms of a 
          sale with representatives of the San Gabriel Valley Water 
          Company, a private utility company that already provides 
          retail water service to many El Monte residents.  Because 
          the terms of a potential sales agreement have not yet been 
          finalized, the City may not have enough time left this year 
          to seek voter approval of a sale under the majority-vote 
          process enacted by the 1996 Beverly bill.  To allow city 
          officials to take advantage of favorable financial 
          conditions by completing the sales process soon, this bill 
          grants the City an exemption from the voter-approval 
          requirements that apply to the sale of a municipal utility.

           FISCAL EFFECT  :    Appropriation:  No   Fiscal Com.:  No   
          Local:  No

           SUPPORT  :   (Verified  8/8/12)

          City of El Monte (source)


          AGB:k  8/8/12   Senate Floor Analyses 

                         SUPPORT/OPPOSITION:  SEE ABOVE

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