California · Streets and Highways Code - SHC
SHC §32511: “Obligee of the authority” or “obligee” means any of the following: (a) Any bondholder or trustee for any bondholders.
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“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.
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