2011 California Code
Government Code
TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000 - 22980]
ARTICLE 4. Purchase, Sale, and Leasing of Passenger Transportation Vehicles
Section 14060
The following definitions apply to this article:
(a) Equipment means rail passenger cars, locomotives, other rail vehicles, bus and van fleets, and ferryboats.
(b) Equipment obligations means notes, equipment trust certificates, or other obligations, including grant anticipation notes, issued by the department pursuant to this article to finance the acquisition of equipment.
(c) Grant anticipation notes means notes issued by the department in anticipation of the receipt of funds from the federal or a local government as the proceeds of grants or participation funding for which funds have been appropriated and committed to the department for equipment acquisition.
(d) Passenger rail capital improvements includes, but is not limited to, crossings, stations, parking facilities, trackwork, maintenance facilities, and other similar facilities.
(Amended by Stats. 1988, Ch. 914, Sec. 4.)
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