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Cal. Sts. & High. Code § 32511

General Provisions

Known as the Parking Law

The act spans §§ 32500–33552 (111 sections).

Added by Stats. 1951, Ch. 463.

“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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.