Us Code § 2373 - Transfer to governmental or other legal entity; determination of transferee
Full text of Us Code United States Code § 2373 — Transfer to governmental or other legal entity; determination of transferee, with citation guidance and answers to common questions.
§ 2373. Transfer to governmental or other legal entity; determination of transferee
(a) Transfer may be made to one or more of the following, if the transferee has the legal authority to receive and operate the utility.
(1) the city at the community;
(2) the State in which the community is located;
(3) any political subdivision or agency of that State; or
(4) any person, firm, corporation, or other legal entity.
(b) In determining the transferee for any utility, the Commission may consider the following:
(1) the pattern of ownership of the comparable utilities in the State in which the community is located;
(2) the ability of the transferee to operate the utility;
(3) the probable price of the sale of the utility, the ability of the transferee to pay that price, and any probable expense;
(4) the desires of the eligible voters of the community as directly expressed in any vote in any officially recognized procedure or in any procedure established by the Commission; and
(5) the benefit to the United States in reducing possible requirements for local assistance as authorized in subchapters VII and VIII of this chapter.
(Aug. 4, 1955, ch. 543, ch. 7, §73, 69 Stat. 480.)
Statutory Notes and Related Subsidiaries
Transfer of Functions
Atomic Energy Commission abolished and functions transferred by sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.
About This Section
42 U.S.C. § 2373 is part of Title 42 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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