CHAPTER 4.5. Sale of Proposition 1A Receivables

Chapter 4.5 added by Stats. 2009, Ch. 634, Sec. 6.

§§ 53998–53999 · 2 sections

• § 53998 For purposes of this chapter, “Proposition 1A receivable” means the right to payment of moneys due or to become due to a local agency pursuant to clause (iii)…
• § 53999 (a) (1) Notwithstanding any other law, a local agency may sell Proposition 1A receivables that have not been sold pursuant to subdivision (b) of Section 6588.6…