§ 99343 Bond Enforcement Trustee Powers

Public Utilities Code·California

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Key Takeaways

•A group that plans transportation can give a trustee the power to make sure rules are followed to pay back money borrowed for projects.
•The trustee has specific jobs and limits on what they can be blamed for.
•This is about making sure money for transportation projects is handled safely.

Example

A city borrows money to build a new road and sets up a trustee to manage the payments.

The trustee makes sure the city follows the rules to pay back the money, like checking that payments are made on time.

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Official Source

View on CA.gov

§ 99343 Bond Enforcement Trustee Powers

The transportation planning agency may provide for the vesting in a trustee of the right to enforce covenants to secure payment of or in relation to the bonds, and the trustee’s powers and duties and the limitation of his liabilities. (Added by Stats. 1971, Ch. 1400.)

Last verified: January 23, 2026

Key Terms

liability covenant agreement port relation limitation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 99343.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References