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California Code, Public Utilities Code - PUC § 6012

Current as of January 01, 2025 | Updated by Findlaw Staff

If the franchise granted is an extension of an existing street railroad system, the gross receipts shall be estimated to be one-half of the proportion of the total gross receipts of the system which the mileage of this extension bears to the total mileage of the whole system. This estimate is conclusive as to the amount of the gross receipts of the extension.

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Cite this article: FindLaw.com - California Code, Public Utilities Code - PUC § 6012 - last updated January 01, 2025 | https://codes.findlaw.com/ca/public-utilities-code/puc-sect-6012/

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