California Public Utilities Code 132425 – The LACMTA shall identify and expeditiously enter into an agreement …
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The LACMTA shall identify and expeditiously enter into an agreement with the authority to hold in trust with the authority all real and personal property, and any other assets accumulated in the planning, design, and construction of the project, including, but not limited to, rights-of-way, documents, third-party agreements, contracts, and design documents, as necessary for completion of the project.
(Added by Stats. 1998, Ch. 1021, Sec. 1. Effective January 1, 1999.)
Terms Used In California Public Utilities Code 132425
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Personal property: All property that is not real property.