Section 32511 - "Obligee of the authority" and "obligee" defined"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.Ca. Sts. and High. Code § 32511
Added by Stats. 1951, Ch. 463.