StacksVerified U.S. federal law reference

42 U.S.C. § 2373 — Transfer to governmental or other legal entity; determination of transferee

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (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. (1)the city at the community;
    2. (2)the State in which the community is located;
    3. (3)any political subdivision or agency of that State; or
    4. (4)any person, firm, corporation, or other legal entity.
  2. (b)In determining the transferee for any utility, the Commission may consider the following:
    1. (1)the pattern of ownership of the comparable utilities in the State in which the community is located;
    2. (2)the ability of the transferee to operate the utility;
    3. (3)the probable price of the sale of the utility, the ability of the transferee to pay that price, and any probable expense;
    4. (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. (5)the benefit to the United States in reducing possible requirements for local assistance as authorized in subchapters VII and VIII of this chapter.