The department may make the loans and transfers authorized under § 14556.7 of the Government Code and Section 188.14 to provide adequate cash flow for obligation service requirements resulting from the financing authority provided under Sections 31071 and 31072.

(Added by Stats. 2001, Ch. 907, Sec. 5. Effective January 1, 2002.)

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Terms Used In California Streets and Highways Code 31073

  • Department: means the Department of Transportation of this state. See California Streets and Highways Code 20
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.