Cal. SHC § 32511
This is the official text of Cal. SHC § 32511, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
“Obligee of the authority” or “obligee” means any of the following:
(a) Any bondholder or trustee for any bondholders.
(b) Any lessor demising to the authority property used in connection with a parking facility or any assignee of all or part of such lessor’s interest.
(c) The State or the United States, or any agency of either, when a party to any contract with an authority by which aid or a loan is given or made to the authority.
(a) Any bondholder or trustee for any bondholders.
(b) Any lessor demising to the authority property used in connection with a parking facility or any assignee of all or part of such lessor’s interest.
(c) The State or the United States, or any agency of either, when a party to any contract with an authority by which aid or a loan is given or made to the authority.
Status: in_force · Read it on the official government site
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