California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 18. PARKING |
Part 2. PARKING LAW OF 1949 |
Chapter 1. General Provisions |
Section 32511.
Latest version.
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"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.
(Added by Stats. 1951, Ch. 463.)