§ 14554.4. — 14554.4. (Added by Stats. 1999, Ch. 862, Sec. 3.)

California § 14554.4.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 3.
• Title 2.: DIVISION 3. EXECUTIVE DEPARTMENT
• Part 5.3.: PART 5.3. CALIFORNIA TRANSPORTATION COMMISSION
• Ch. 4.: CHAPTER 4. Federal Highway Grant Anticipation Notes
• Art. 4.: ARTICLE 4. Issuance of Notes

Text

Any notes issued under this chapter may be secured by a trust agreement, indenture, or resolution by and between the commission and a trustee. The trustee may be the Treasurer or a bank or trust company chartered under the laws of this state or of the United States and designated by the Treasurer. The Treasurer may act under the note resolution as the fiscal agent for the notes.

Legislative History

Added by Stats. 1999, Ch. 862, Sec. 3. Effective January 1, 2000.