California Military and Veterans Code ARTICLE 7 - Miscellaneous

Section 1006.1.
All debentures and the income therefrom are at all times exempt from taxation in the State of California, except for transfer, inheritance, and gift taxes.(Added...
Section 1006.2.
All debentures shall be legal investments for all trust funds, for the funds of all insurance companies, banks (both commercial and savings), trust companies, state...
Section 1006.3.
Any money or funds which may by law be invested in bonds of the State of California may be invested in debentures.(Added by Stats. 1970,...
Section 1006.4.
Whenever any bonds of the State of California may by law be used as security for the performance of any act or the deposit of...
Section 1006.5.
All debentures, subject to the provisions for registration contained therein, are negotiable instruments under the law merchant.(Added by Stats. 1970, Ch. 1488.)
Section 1006.6.
The department may include in the proceedings authorizing the issuance of debentures any provisions not inconsistent with this chapter which limit, restrict or regulate the...
Section 1006.7.
The department may provide in the proceedings authorizing issuance of debentures for the establishment of one or more reserve funds out of the proceeds of...
Section 1006.8.
The State Treasurer may sell any of the debentures authorized under this chapter to the United States of America or to any of its departments,...
Section 1006.9.
Warrants for the payments to be made on account of the debentures either as to principal, interest, premium, or otherwise, shall be duly drawn by...
Section 1006.10.a.
Notwithstanding anything contained in this chapter, the proceeds received from the sale of debentures and any revenues received by the department from pledged contracts entered...
Section 1006.11.
This chapter shall be liberally construed to carry out the objects and purposes and the declared public policy of the State of California as in...
Section 1006.12.
If any section, subdivision, sentence, clause or phrase of this chapter is for any reason held to be unconstitutional or invalid or unenforceable, such decision...
Section 1006.13.
This chapter shall not operate to rescind or repeal any act of the State of California now or hereafter enacted providing for the issuance of...
Section 1006.14.
All money in any of the funds created or authorized to be created in any resolution of issuance under the provisions of this chapter is...
Section 1006.15.
The purchaser shall make an initial payment of at least 10 percent of the selling price of the property, in case of a farm, and...
Section 1006.16.
The department shall require that all applicants under this article qualify under the applicable federal laws and regulations governing the permitted uses of tax-exempt bond...

Last modified: October 22, 2018