BILL NUMBER: AB 877 INTRODUCED
BILL TEXT
INTRODUCED BY Assembly Member Chu
FEBRUARY 26, 2015
An act to amend Section 11007.1 of the Government Code, relating
to transportation.
LEGISLATIVE COUNSEL'S DIGEST
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 1. Section 11007.1 of the Government Code is amended to
read:
11007.1. (a) The Department of Transportation, when it has
acquired title to any real property for highway purposes and leases
that property for commercial or business uses to the former owner for
a term exceeding six months, may secure insurance against the risk
of damage or destruction by fire where if
the former owner requests this coverage and the premium
therefor is included in the rental agreed to be paid.
(b) The High-Speed Rail Authority, when it has acquired title to
any real property for high-speed rail purposes and leases that
property for commercial or business uses to the former owner for a
term exceeding six months, may secure insurance against the risk of
damage or destruction by fire where if
the former owner requests this coverage and the premium therefor is
included in the rental agreed to be paid.