California Government Code 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...
• Section 14061.
  The department may take all action necessary to purchase, sell, or lease equipment by negotiation without competitive bidding to take advantage of Section 168 of...
• Section 14062.
  (a) The department may issue equipment obligations to finance the acquisition of equipment pursuant to a resolution adopted by the commission, authorizing the issuance thereof from...
• Section 14063.
  (a) Grant anticipation notes shall be issued only in anticipation of a grant or funding commitment to the department which has been stated by the granting...
• Section 14064.
  (a) Equipment obligations shall be sold by the Treasurer, after a resolution requesting the sale has been adopted by the commission. Equipment obligations may be sold...
• Section 14066.
  (a) The Passenger Equipment Acquisition Fund is hereby created in the State Treasury. Notwithstanding Section 13340, all moneys in the fund are continuously appropriated to the...

Last modified: October 22, 2018