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

• Section 485.
  There is in the State Treasury, a revolving fund known as the California National Guard Members’ Farm and Home Building Fund of 1978. Proceeds of...
• Section 485.1.
  There is hereby created in the California National Guard Members’ Farm and Home Building Fund of 1978, a special account known as the National Guard...
• Section 485.3.
  The revenues shall be pledged first to the payment of the principal of and interest on the revenue bonds and to all funds created for...
• Section 485.35.
  The Supplementary Bond Security Account is hereby created in the California National Guard Members’ Farm and Home Building Fund of 1978. Any moneys appropriated to...
• Section 485.4.
  The department shall at all times so long as any of the revenue bonds are outstanding establish, fix, and collect payments on all purchase contracts...
• Section 485.6.
  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 485.7.
  All revenues to be received by the department from purchase contracts shall be directly, concurrently, and exclusively pledged to the payment of revenue bonds.(Amended by...
• Section 485.8.
  The revenue bond principal and interest payments and any premium payable upon revenue bonds called for redemption, and all payments required for reserve funds, sinking...
• Section 485.9.
  Whenever the National Guard Members’ Finance Committee finds that the interest rate then fixed and charged by the department on any purchase contract is not...
• Section 486.
  The State Controller is hereby authorized to make all necessary orders to provide for the establishment of special funds or accounts authorized by any resolution...
• Section 486.1.
  Revenue bonds authorized under any resolution of issuance approved by the National Guard Members’ Finance Committee shall be sold by the State Treasurer upon the...
• Section 486.2.
  In the event the State Treasurer shall proceed with the sale of revenue bonds, all costs and expenses of publication of notice of sale shall...

Last modified: October 22, 2018