California § 132372.1 - The agreement to purchase or lease transit equipment may direct the vendor or les
Full text of California Public Contract Code - PCC § 132372.1 — The agreement to purchase or lease transit equipment may direct the vendor or les, with citation guidance and answers to common questions.
§ 132372.1. The agreement to purchase or lease transit equipment may direct the vendor or les
The agreement to purchase or lease transit equipment may direct the vendor or lessor to sell and assign or lease the transit equipment to a bank or trust company duly authorized to transact business in the state as trustee for the benefit and security of the equipment trust certificates, and may direct the trustee to deliver the transit equipment to one or more designated officers of the consolidated agency and may authorize the consolidated agency to simultaneously therewith execute and deliver an installment purchase agreement or a lease of such equipment to the consolidated agency.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 132372.1
What does Public Contract Code - PCC § 132372.1 cover?
Section 132372.1 ("The agreement to purchase or lease transit equipment may direct the vendor or les") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 132372.1?
A common citation format is "Public Contract Code - PCC § 132372.1" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 132372.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.