California Military and Veterans Code ARTICLE 5x - Veterans’ Bond Act of 2008

• Section 998.400.
  This article may be cited as the Veterans’ Bond Act of 2008.(Added by Stats. 2008, Ch. 122, Sec. 1. Approved in Proposition 12 at the...
• Section 998.401.
  (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 998.402.
  As used herein, the following terms have the following meanings:(a) “Board” means the Department of Veterans Affairs.(b) “Bond” means a veterans’ bond, a state general obligation bond,...
• Section 998.403.
  For the purpose of creating a fund to provide farm and home aid for veterans in accordance with the Veterans’ Farm and Home Purchase Act...
• Section 998.404.
  (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 998.405.
  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 998.406.
  For the purposes of this article, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of a sum of...
• Section 998.407.
  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 998.408.
  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 998.409.
  As long as any bonds authorized under this article are outstanding, the Secretary of Veterans Affairs shall, at the close of each fiscal year, require...
• Section 998.410.
  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 998.411.
  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 998.412.
  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 998.413.
  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 998.414.
  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”...

Last modified: October 22, 2018