(a) At the discretion of the commission, any bonds issued under this title may be secured by a trust agreement by and between the commission and a trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the state.
Cal. Gov. Code § 92260
Bonds and Notes
Known as the California Passenger Rail Financing Commission Act
The act spans §§ 92000–92354 (69 sections).
Added by Stats. 1982, Ch. 1553, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.