California Military and Veterans Code ARTICLE 4 - Appropriation, Security, Sale, and Funds

• Section 1003.1.
  There is hereby appropriated, from any surplus money in the Veterans’ Farm and Home Building Fund of 1943, not required to meet any immediate demand...
• Section 1003.2.
  The revenues shall be pledged first to the payment of the principal of and interest on the debentures and to all funds created for the...
• Section 1003.3.
  In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable,...
• Section 1003.4.
  The department shall at all times, so long as any of the debentures are outstanding, establish, fix, and collect interest at the rate or rates,...
• Section 1003.6.
  All interest and other payments or charges of any kind or character due under any and all such contracts shall be payable in such coin...
• Section 1003.7.
  All revenues to be received by the department from pledged contracts shall be directly, concurrently and exclusively pledged to the payment of debentures, and all...
• Section 1003.8.
  All debenture redemption and interest payments and any premium payable upon debentures called for redemption, and all payments required for reserve funds, sinking funds and...
• Section 1003.10.a.
  There is in the State Treasury a revolving fund known as the Veterans’ Farm and Home Building Fund of 1970. Proceeds of sale of debentures...
• Section 1003.11.
  There is in the State Treasury a special fund known as the Veterans’ Debenture Revenue Fund. All revenues shall be deposited in the Veterans’ Debenture...
• Section 1003.12.
  The State Controller is hereby authorized to make all necessary orders to provide for the establishment of special funds and accounts authorized by any resolution...
• Section 1003.13.
  Prior to the issuance of any debentures the department is authorized to deposit in any reserve fund created for the further security of the debentures,...
• Section 1003.14.
  Debentures authorized under any resolution of issuance approved by the Veterans’ Debenture Finance Committee shall be sold by the State Treasurer upon the written request...
• Section 1003.15.
  In the event the State Treasurer shall determine to sell the debentures, all costs and expenses of publication of notice of sale shall be a...
• Section 1003.16.
  (a) Notwithstanding any other provision of this chapter, and in lieu of a pledge of revenues as security for any debentures issued pursuant to this chapter,...

Last modified: October 22, 2018