ARTICLE 4. Purchase, Sale, and Leasing of Passenger Transportation Vehicles

Article 4 added by Stats. 1984, Ch. 1510, Sec. 1.

§§ 14060–14066 · 6 sections

• § 14060 The following definitions apply to this article: (a) “Equipment” means rail passenger cars, locomotives, other rail vehicles, bus and van fleets, and…
• § 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…
• § 14062 (a) The department may issue equipment obligations to finance the acquisition of equipment pursuant to a resolution adopted by the commission, authorizing the…
• § 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…
• § 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…
• § 14066 (a) The Passenger Equipment Acquisition Fund is hereby created in the State Treasury. Notwithstanding Section 13340, all moneys in the fund are continuously…