Public Resources Code section 32109

In the discretion of the authority, any bonds issued under this division may be secured by a trust agreement by and between the authority and a corporate trustee or trustees, which may be the Treasurer or any trust company or bank having the powers of a trust company within or without the state.

Source: Section 32109, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PRC§ionNum=32109.­ (updated Jan. 1, 1983; accessed Jul. 14, 2025).

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Verified:
Jul. 14, 2025

§ 32109's source at ca​.gov