§ 32511
79 words·~1 min read·
/ca/streets-and-highways-code/32511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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.