Statute · California Government Code
Cal. Gov't Code § 14064 — Purchase, Sale, and Leasing of Passenger Transportation Vehicles
Cal. Gov't Code § 14064
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1984-09-28
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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 by public bid or by a private negotiated sale. The Treasurer may sell equipment obligations at a discount not to exceed 5 percent…
Citator
Cal. Gov't Code § 14064 — Purchase, Sale, and Leasing of Passenger Transportation Vehicles is in force in the current edition of the Code, and nothing recorded condemns it.
(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 by public bid or by a private negotiated sale. The Treasurer may sell equipment obligations at a discount not to exceed 5 percent of the par value thereof.
(b) Equipment obligations, and the interest thereon, are exempt from taxation in this state, except for gift taxes.