California § 14064. 14064. (Added by Stats. 1984, Ch. 1510, Sec. 1.)

California Statutes

§ 14064. — 14064. (Added by Stats. 1984, Ch. 1510, Sec. 1.)

California § 14064.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.3.

Title 2.DIVISION 3. EXECUTIVE DEPARTMENT

Part 5.PART 5. DEPARTMENT OF TRANSPORTATION

Ch. 1.CHAPTER 1. General

Art. 4.ARTICLE 4. Purchase, Sale, and Leasing of Passenger Transportation Vehicles

This text of California § 14064. (14064. (Added by Stats. 1984, Ch. 1510, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 14064. (2026).

Text

(a)Equipment obligations shall be sold by the Treasurer, after a resolution requesting the sale has been adopted by the commission. Equipment obligations may be sold by public bid or by a private negotiated sale. The Treasurer may sell equipment obligations at a discount not to exceed 5 percent of the par value thereof.

(b)Equipment obligations, and the interest thereon, are exempt from taxation in this state, except for gift taxes.

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(a)
Equipment obligations shall be sold by the Treasurer, after a resolution requesting the sale has been adopted by the commission. Equipment obligations may be sold by public bid or by a private negotiated sale. The Treasurer may sell equipment obligations at a discount not to exceed 5 percent of the par value thereof.
(b)
Equipment obligations, and the interest thereon, are exempt from taxation in this state, except for gift taxes.

Legislative History

Added by Stats. 1984, Ch. 1510, Sec. 1. Effective September 28, 1984.

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Bluebook (online)

California § 14064., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/14064..