Streets and Highways Code section 32511

“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.

Source: Section 32511, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=SHC§ionNum=32511.­ (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 32511’s source at ca​.gov