§ 100463 Vta Agreement Conflict Prohibition

Public Utilities Code·California

AI SummaryVerified

This law says any contracts, leases, or equipment financing papers must not go against the main trust agreement that backs VTA bonds or notes.

Key Takeaways

•All related contracts must match the trust agreement that secures VTA financing.
•If a contract conflicts with that trust agreement, it can't be used.
•This applies to agreements, leases, and equipment trust certificates tied to VTA bonds, notes, or certificates.

Example

A city leases a new train car that was bought with VTA bonds.

The lease has to follow the rules in the trust agreement for those bonds; if the lease tried to let the city use the train for something the trust agreement forbids, the lease would be invalid.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100463 Vta Agreement Conflict Prohibition

The covenants, conditions, and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any trust agreement securing the payment of bonds, notes, or certificates of the VTA. (Amended by Stats. 2016, Ch. 381, Sec. 98. (AB 2196) Effective January 1, 2017.)

Last verified: January 11, 2026

Key Terms

covenants conditions provisions agreements leases equipment trust certificates trust agreement bonds notes certificates VTA

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 100463.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References