California Military and Veterans Code ARTICLE 5v - Veterans’ Bond Act of 1996

• Section 998.200.
  This article may be cited as the Veterans’ Bond Act of 1996.(Added by Stats. 1996, Ch. 161, Sec. 2. Approved in Proposition 206 at the...
• Section 998.201.
  (a) The State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code),...
• Section 998.202.
  As used herein, the following words have the following meanings:(a) “Board” means the Department of Veterans Affairs.(b) “Bond” means veterans’ bond, a state general obligation bond, issued...
• Section 998.203.
  For the purpose of establishing a fund to provide farm and home aid for veterans in accordance with the Veterans’ Farm and Home Purchase Act...
• Section 998.204.
  (a) All bonds authorized by this article, when duly sold and delivered as provided herein, constitute valid and legally binding general obligations of the State of...
• Section 998.205.
  There is hereby appropriated from the General Fund, for purposes of this article, a sum of money that will equal both of the following:(a) That sum...
• Section 998.206.
  For purposes of this article, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of a sum of money...
• Section 998.207.
  The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of...
• Section 998.208.
  Upon request of the board, supported by a statement of its plans and projects approved by the Governor, the committee shall determine whether to issue...
• Section 998.209.
  So long as any bonds authorized under this article are outstanding, the Director of Veterans Affairs shall, at the close of each fiscal year, require...
• Section 998.210.
  The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established...
• Section 998.211.
  Out of the first money realized from the sale of bonds as provided herein, there shall be redeposited in the General Obligation Bond Expense Revolving...
• Section 998.212.
  Any bonds issued and sold pursuant to this article may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of...
• Section 998.213.
  Notwithstanding any provision of the bond act, if the Treasurer sells bonds under this article for which bond counsel has issued an opinion to the...
• Section 998.214.
  The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article are not “proceeds of taxes”...
• Section 998.215.
  Notwithstanding any other provision of law, any bonds issued and sold under the Veterans Bond Act of 1974, the Veterans Bond Act of 1976, the...

Last modified: October 22, 2018