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California Military and Veterans Code Section 986.3

Legal Research Home > California Laws > Military and Veterans Code > California Military and Veterans Code Section 986.3

986.3.  The department may acquire a farm or home from the owner
thereof or may contract with a veteran for the construction of a
dwelling house and other improvements for a farm or home, upon the
terms agreed if:
   (a) The department is satisfied of the desirability of the
property submitted.
   (b) The veteran has agreed with the department that the veteran or
members of his or her immediate family will actually reside on the
property within 60 days from the day of purchase by the department,
or if the residence on the property is not complete on the date of
purchase, within 60 days after the residence is completed.
   (c) The sum to be expended by the department pursuant to a
contract for the construction of a dwelling house and other
improvements does not exceed twenty-five thousand dollars ($25,000).
   (d) Where the department is to contract with a veteran for the
construction of a dwelling house and other buildings, or for the
purchase of a mobilehome:
   (1) The veteran is the owner in fee of the real property on which
the dwelling house and other buildings are to be constructed, or is
the owner in fee of the real property or the owner of an undivided
interest in common in a portion of a parcel of real property on which
a mobilehome is to be situated, and agrees to convey that property
to the department without cost.
   (2) The veteran has paid a reasonable fee set by the department to
cover the cost of any preliminary service of the department as may
be necessary to process the application.
   (3) The veteran has filed with the department adequate plans and
specifications for the improvements to be constructed upon the real
property, together with a contract, executed by a contractor licensed
by the State of California for the construction of the improvements
in accordance with the plans and specifications within eight months
after the acquisition of the real property by the department, and a
bond executed by the contractor providing for compliance with the
terms of the contract and for the payment of persons furnishing
material or labor on the job, executed by a surety company,
authorized to do business in the State of California.
   (4) The plans, specifications, contract and bond are approved by
the department.
   (5) The veteran has placed in escrow, all sums of money to be
advanced by him or her where the cost is in excess of the maximum
that may be expended by the department.
   As used in this section "immediate family" includes only the
following:
   Spouse, children, either natural or adoptive; and the parents if
they are dependent upon the veteran for 50 percent or more of their
support.

Last modified: February 22, 2013