California Public Utilities Code 99321 – For purposes of this article, “limited obligation bonds” are bonds …
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For purposes of this article, “limited obligation bonds” are bonds payable solely from the local transportation fund of the county. The money, or portion thereof, designated by the transportation planning agency in such fund to pay interest and redemption charges shall hereafter be referred to as “revenues.”
(Added by Stats. 1971, Ch. 1400.)
Terms Used In California Public Utilities Code 99321
- County: includes city and county. See California Public Utilities Code 18
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.