reglab/statecodes huggingface dataset:
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.5 - Funds › Section 988.2.

988.2. (a) For purposes of this section, “purchaser” has the same definition as provided in Section 987.53.
(b) Out of any money available in the Veterans’ Farm and Home Building Fund of 1943, the department may advance to any purchaser upon his or her application, and under the policies as the department may, from time to time, prescribe, sums for the purpose of paying taxes and assessments, or making permanent improvements, including permanent improvements for the purpose of increasing farm productivity, or for keeping in good order or repair, or for painting, redecorating, or remodeling, all buildings, fences, or other permanent improvements on, or the insuring against fire or other hazards, any building, fence, or other permanent improvement, or crops on the property being purchased from the department, or the department may advance to the purchaser moneys actually expended in so doing.
(c) Any of the money advanced to a purchaser by the department may be added to the deferred principal of the purchaser’s account and shall bear interest at the rate prescribed by the department and shall be repaid by the purchaser to the department under the conditions as it may prescribe.
(d) The moneys advanced may, in the discretion of the department, be in addition to the maximum purchase price of a farm or home as provided by the Veterans’ Farm and Home Purchase Act of 1974, as amended, and acts supplementary thereto.
(e) Any money required by the department to be paid for the purpose of taxes, insurance premiums, and other charges when they become due may be maintained by the department using the escrow accounting method in accordance with lending industry standards and the laws governing escrow accounts of this type.
(f) The department shall be the sole judge of the need and desirability of making advances or requiring payments by the purchaser under this section.
(Amended by Stats. 2002, Ch. 465, Sec. 8. Effective January 1, 2003.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.5 - Funds › Section 988.3.

988.3. The Department of Finance may make advances of money to the department, needed to meet contingent expenses, of not more than fifty thousand dollars ($50,000), as the Department of Finance determines necessary, and may make advances of money to the department, needed to carry out Articles 3 (commencing with Section 984), 3.1 (commencing with Section 987.50), and 3.5 (commencing with Section 988) of this chapter of not more than twenty-five million dollars ($25,000,000), as the Department of Finance determines necessary, and these advances shall be administered as revolving funds. The Controller may draw warrants upon the Veterans’ Farm and Home Building Fund for these advances, and the Treasurer may pay them.
(Amended by Stats. 1988, Ch. 862, Sec. 3. Effective September 13, 1988.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.5 - Funds › Section 988.4.

988.4. (a) For purposes of this section, “purchaser” includes any veteran whose only loan with the department is for the purpose of a home improvement on property that is the principal place of residence of the veteran.
(b) (1) Out of any money available in the Veterans’ Farm and Home Building Fund of 1943, the department may advance to a purchaser upon his or her application, and under the policies as the department may, from time to time, prescribe, sums for the purpose of making alterations, repairs, or improvements on or in connection with the principal place of residence of the purchaser.
(2) Notwithstanding any other provision of law, in making the advances described in paragraph (1), the department may secure that advance by issuing a deed of trust, a promissory note, or other security interest that is subordinate to any existing financing on the principal place of residence of the purchaser.
(c) The department shall be the sole judge of the need and desirability of making advances and the method of repayment by the purchaser under this section.
(Amended by Stats. 2003, Ch. 441, Sec. 4. Effective January 1, 2004.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.5 - Funds › Section 988.5.

988.5. All loans granted under this article shall be funded in accordance with federal laws governing the use of tax-exempt bonds.
(Added by Stats. 2002, Ch. 465, Sec. 10. Effective January 1, 2003.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.5 - Funds › Section 988.6.

988.6. (a) There is hereby created in the State Treasury a revolving special fund known as the Veterans’ Bonds Payment Fund. All moneys in this fund shall be used solely to pay debt service, as this term is defined in subdivision (c) of Section 998.404, when due on bonds issued pursuant to all veterans’ farm and home purchase bond acts pursuant to this chapter, and notwithstanding Section 13340 of the Government Code, all moneys in this fund are continuously appropriated for this purpose.
(b) All moneys in the Veterans’ Bonds Payment Fund are necessary for immediate use and no amounts of this fund shall be considered “surplus money,” for the purposes of Section 16470 of the Government Code.
(c) Moneys in the Veterans’ Bonds Payment Fund shall be used solely as described in subdivision (a), and therefore no moneys in that fund shall be borrowed by, or transferred to, the General Fund pursuant to subdivision (a) of Section 16310 of the Government Code or any other similar authority, or to the General Cash Revolving Fund pursuant to Section 16381 of the Government Code or any other similar authority.
(d) Moneys in the Veterans’ Bonds Payment Fund may be transferred to an account within the Refunding Escrow Fund created by Section 16784 of the Government Code for the purposes of paying debt service, as defined in subdivision (c) of Section 998.404, in connection with the refunding of bonds issued pursuant to veterans’ farm and home purchase bond acts pursuant to this chapter.
(Added by Stats. 2010, Ch. 27, Sec. 2. (AB 2651) Effective June 15, 2010.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.5 - Funds › Section 988.7.

988.7. (a) (1) Notwithstanding any other law, all moneys in the California National Guard Members’ Farm and Home Building Fund of 1978 and any other account created in that fund, including, but not limited to, the National Guard Members’ Revenue Bond Revenue Account, that are not needed to meet revenue bond obligations shall be deposited into the Veterans’ Farm and Home Building Fund of 1943 within 30 days after the effective date of this section.
(2) Notwithstanding any other law, on and after the effective date of this section, any revenues that would have otherwise been required to be deposited into the National Guard Members’ Revenue Bond Revenue Account pursuant to Section 485.1, the California National Guard Members’ Farm and Home Building Fund of 1978, or any other account in that fund, shall be deposited into the Veterans’ Farm and Home Building Fund of 1943.
(b) Notwithstanding Section 13340 of the Government Code, all moneys deposited into the Veterans’ Farm and Home Building Fund of 1943 pursuant to subdivision (a) are hereby continuously appropriated, without regard to fiscal year, to the department, and may be used by the department to make shared equity cooperative housing loans.
(Added by Stats. 2011, Ch. 377, Sec. 13. (AB 1084) Effective September 30, 2011.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.7 - Pooled Self-Insurance › Section 989.

989. It is the intent of the Legislature to establish the Pooled Self-Insurance Fund in order to ensure that each of the department’s insurance reserve funds are self-sufficient and adequately maintained for the benefit of the contract purchasers. For reasons of prudent financial management, the department will pool the reserves for the purpose of providing reliable, consistent, and affordable home protection, and to encourage the strengthening of bond ratings, thereby increasing the efficacy of the Veterans’ Farm and Home Purchase Act of 1974.
(Added by Stats. 2009, Ch. 502, Sec. 1. (AB 1051) Effective January 1, 2010.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.7 - Pooled Self-Insurance › Section 989.1.

989.1. (a) The department shall maintain a Pooled Self-Insurance Fund, which is hereby created in the State Treasury. The Pooled Self-Insurance Fund includes the reserves and moneys held by the department, as authorized by Sections 987.25, 987.71, 987.74, 987.76, 987.88, and 989.4. The department may, in the discretion of the Secretary, pool these reserves for the purpose of providing reliable, consistent, and affordable home protection, and to encourage the strengthening of bond ratings.
(b) The department shall, consistent with the purposes of this article, prescribe and publish rules and regulations for the administration of the Pooled Self-Insurance Fund.
(c) The department may purchase insurance against any risk, or portion of any risk, otherwise payable out of appropriated moneys in the Pooled Self-Insurance Fund. The department shall make an annual report on or before September 1 of each year to the Legislature regarding any insurance coverage implemented or required by it. The report shall include, but not be limited to, the type of insurance coverage, its cost, loss-ratio information, the reason for purchasing the insurance, and any changes in existing insurance coverage and the reason for those changes.
(d) In each annual report to the Legislature regarding the status of the Pooled Self-Insurance Fund, all subfunds must show within three years of borrowing from the other subfunds that rates have effectively been adjusted to balance income to expenses, and that any internal borrowing between the various accounts and funds has been repaid in full. Each subfund must be self-sufficient within a period of time not to exceed three years of having borrowed from the other members of the Pooled Self-Insurance Fund.
(e) Beginning six months after the inception of the Pooled Self-Insurance Fund, there will be a biennial audit of each subfund to ensure adequate rates are being charged to meet expenses. Premium rates of each subfund will be monitored and adjusted annually according to need to ensure self-sufficiency and reconcile internal borrowing between the members of the Pooled Self-Insurance Fund.
(f) Upon declaration of emergency by the Secretary, the Pooled Self-Insurance Fund may borrow from the Veterans’ Farm and Home Building Fund of 1943. The borrowed funds are to be fully repaid from the Pooled Self-Insurance Fund within a period of time not to exceed three years.
(g) Upon dissolution or termination of any of the subaccounts or subfunds within the Pooled Self-Insurance Fund, whether established by statute or otherwise, any excess moneys shall revert to the Veterans’ Farm and Home Building Fund of 1943.
(Added by Stats. 2009, Ch. 502, Sec. 1. (AB 1051) Effective January 1, 2010.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.8 - Disaster Indemnity › Section 989.4.

989.4. The department shall maintain an Indemnity Fund, which is hereby created in the State Treasury, for the purpose of indemnifying eligible purchasers, for any of the following:
(a) The cost of repairing structural damage in excess of five hundred dollars ($500) caused by flood, including floods by surface water, waves, tidal water, tidal wave, overflow of streams or other bodies of water, spray from any of the foregoing, whether wind driven or not, and water that backs up through sewers or drains.
(b) The cost of repairing structural damage in excess of 5 percent of the total covered loss or five hundred dollars ($500), whichever is greater, caused by earthquake, volcanic eruption, landslide, or mudslide.
(c) Money accruing to the Indemnity Fund is hereby appropriated for carrying out the purposes of this article.
(Amended by Stats. 1997, 1st Ex. Sess., Ch. 6, Sec. 1. Effective December 1, 1998.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.8 - Disaster Indemnity › Section 989.5.

989.5. All purchasers shall participate in the Indemnity Fund. Purchasers shall pay a reasonable charge, prescribed by the department, in addition to the regular monthly installment. Money so collected shall be deposited in the Indemnity Fund.
(Amended by Stats. 1998, Ch. 634, Sec. 1. Effective January 1, 1999.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.8 - Disaster Indemnity › Section 989.6.

989.6. The department shall, consistent with the purposes of this article, prescribe and publish rules and regulations for the administration of the Indemnity Fund.
(Added by Stats. 1971, Ch. 362.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.8 - Disaster Indemnity › Section 989.7.

989.7. The department may purchase insurance against any risk, or portion of any risk, otherwise payable out of appropriated moneys in the fund. The department shall make an annual report on or before September 1st of each year to the Legislature regarding any insurance coverage implemented or required by it. The report shall include, but not be limited to, the type of insurance coverage, its cost, the reason for purchasing the insurance, and any changes in existing insurance coverage and the reason for those changes.
(Amended by Stats. 1998, Ch. 209, Sec. 2. Effective July 21, 1998.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.8 - Disaster Indemnity › Section 989.8.

989.8. Eligible purchasers shall be indemnified pursuant to this article solely from moneys in the Indemnity Fund, and the state shall not be liable beyond the assets of the Indemnity Fund for any obligation in connection therewith.
(Added by Stats. 1971, Ch. 362.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.8 - Disaster Indemnity › Section 989.9.

989.9. Nothing in this article shall impose any liability upon a purchaser electing to participate in the Indemnity Fund for any obligation imposed under this article, except for participation charges as provided in Section 989.5.
(Added by Stats. 1971, Ch. 362.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 4 - Veterans Finance Committee of 193 › Section 991.

991. There is hereby established a Veterans’ Finance Committee of 1943 composed of the Governor, Controller, Treasurer, Director of Finance, and Director of Veterans Affairs or their designated representatives, all of whom shall serve thereon without compensation and a majority of whom shall be empowered to act for the committee. The Attorney General shall be the legal advisor of the Veterans’ Finance Committee of 1943.
Upon request of the Department of Veterans Affairs, supported by a statement of the plans and projects of the Department of Veterans Affairs with respect thereto, the Veterans’ Finance Committee of 1943 shall determine whether or not a bond issue under this article is necessary or desirable.
(Added by Stats. 1996, Ch. 161, Sec. 1.5. Effective July 12, 1996.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5d - Veterans Affairs Construction Act › Section 996.14.

996.14. With the approval of the Department of Finance and the California Veterans Board, the Public Works Board, pursuant to the provisions of the Property Acquisition Act, may acquire real property, and, after approval of preliminary plans under the procedure provided by Section 6 of the Budget Act of 1953, the department may construct and equip a building thereon, primarily for the department’s own use and make improvements to such property, building, and equipment, not to exceed in total two million six hundred fifty thousand dollars ($2,650,000).
(Amended by Stats. 1955, Ch. 1727.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5d - Veterans Affairs Construction Act › Section 996.17.

996.17. The Department of Veterans Affairs shall have a prior claim on any office space constructed pursuant to this article at the time of initial occupancy of the office space and at all times thereafter; provided, the department shall pay rentals as prescribed in Section 996.19 for the space it occupies.
(Added by Stats. 1953, Ch. 1413.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5d - Veterans Affairs Construction Act › Section 996.18.

996.18. The Department of Veterans Affairs shall contract with the Department of General Services for the maintenance and repair of all public works constructed, acquired, or operated under the provisions of this act, such maintenance and repair to include the items of maintenance and repair customarily supplied and afforded to state buildings by the Department of General Services.
(Amended by Stats. 1965, Ch. 371.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5d - Veterans Affairs Construction Act › Section 996.19.

996.19. The buildings or improvements provided under the provisions of this article may contain space in excess of the requirements of the Department of Veterans Affairs, and until needed, may be leased or let at such rental and upon such terms and conditions as may be approved by the Department of Veterans Affairs; provided, that rentals charged shall be deposited in the Veterans’ Farm and Home Building Fund of 1943.
(Amended by Stats. 1959, Ch. 1902.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5d - Veterans Affairs Construction Act › Section 996.21.

996.21. When money from the Veterans’ Farm and Home Building Fund of 1943 or the Veterans Affairs Construction Fund is used for investment purposes in the purchase of property and in the construction of buildings, and appurtenant facilities or in the purchase of property, or in the construction of buildings, and appurtenant facilities for the use of the Department of Veterans Affairs, or for the use of the Department of Veterans Affairs and other state agencies, the Director of Veterans Affairs may do any and all things necessary to protect the investment including purchasing insurance against the loss of or damage to the property or the loss of use and occupancy of the property. Any transaction entered into by the Director of Veterans Affairs under this section shall be subject to the approval of the Department of General Services.
(Amended by Stats. 1965, Ch. 371.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.971.

996.971. This article may be cited as the Veterans Bond Act of 1968.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.972.

996.972. The State General Obligation Bond Law, except as otherwise provided herein, is adopted for the purpose of the issuance, sale, and repayment of, and otherwise providing with respect to, the bonds authorized to be issued by this article, and the provisions of that law are included in this article as though set out in full in this article. All references in this article to “herein” shall be deemed to refer both to this article and such law.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.973.

996.973. As used in this article and for the purposes of this article as used in the State General Obligation Bond Law, Chapter 4 (commencing with Section 16720), Part 3, Division 4, Title 2 of the Government Code, the following words shall have the following meanings:
(a) “Bond” means veterans bond, a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law.
(b) “Committee” means the Veterans’ Finance Committee of 1943, created by Section 991 of the Military and Veterans Code.
(c) “Board” means the Department of Veterans Affairs.
(d) “Fund” means the Veterans Farm and Home Building Fund of 1943 created by Section 988 of the Military and Veterans Code.
(e) “Bond Act” means this article authorizing the issuance of State General Obligation Bonds and adopting Chapter 4 (commencing with Section 16720), Part 3, Division 4, Title 2 of the Government Code by reference.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.974.

996.974. For the purpose of creating a fund to provide farm and home aid for veterans in accordance with the provisions of the Veterans Farm and Home Purchase Act of 1943 and of all acts amendatory thereof and supplemental thereto, the Veterans’ Finance Committee of 1943, created by Section 991, shall be and it hereby is authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate amount of two hundred million dollars ($200,000,000), in the manner provided herein, but not otherwise, nor in excess thereof.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.975.

996.975. All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal and interest thereof.
There shall be collected annually in the same manner and at the same time as other state revenue is collected such a sum, in addition to the ordinary revenues of the state, as shall be required to pay the principal and interest on said bonds as herein provided, and it is hereby made the duty of all officers charged by law with any duty in regard to the collections of said revenue, to do and perform each and every act which shall be necessary to collect such additional sum.
On the several dates on which funds are remitted pursuant to Section 16676 of the Government Code for the payment of the then maturing principal and interest on the bonds in each fiscal year, there shall be returned into the General Fund in the State Treasury, all of the money in the Veterans’ Farm and Home Building Fund of 1943, not in excess of the principal of and interest on the said bonds then due and payable, except as hereinafter provided for the prior redemption of said bonds, and, in the event such money so returned on said remittance dates is less than said principal and interest then due and payable, then the balance remaining unpaid shall be returned into the General Fund in the State Treasury out of said Veterans’ Farm and Home Building Fund of 1943 as soon thereafter as it shall become available, together with interest thereon from such dates of maturity until so returned at the same rate as borne by said bonds, compounded semiannually.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.976.

996.976. There is hereby appropriated from the General Fund in the State Treasury for the purpose of this article, such an amount as will equal the following:
(a) Such sum annually as will be necessary to pay the principal of and the interest on the bonds issued and sold pursuant to the provisions of this article, as said principal and interest become due and payable.
(b) Such sum as is necessary to carry out the provisions of Section 996.977 which sum is appropriated without regard to fiscal years.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.977.

996.977. For the purposes of carrying out the provisions of this article the Director of Finance may by executive order authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds which have been authorized to be sold for the purpose of carrying out this article. Any amounts withdrawn shall be deposited in the Veterans’ Farm and Home Building Fund of 1943. Any moneys made available under this article to the board shall be returned by the board to the General Fund from moneys received from the sale of bonds sold for the purpose of carrying out this article, together with interest at the rate of interest fixed in the bonds so sold.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.978.

996.978. Upon request of the Department of Veterans Affairs, supported by a statement of the plans and projects of said department with respect thereto, and approved by the Governor, the Veterans’ Finance Committee of 1943 shall determine whether or not it is necessary or desirable to issue any bonds authorized under this article in order to carry such plans and projects into execution, and, if so, the amount of bonds then to be issued and sold. Successive issues of bonds may be authorized and sold to carry out said plans and projects progressively, and it shall not be necessary that all the bonds herein authorized to be issued shall be sold at any one time.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.979.

996.979. So long as any bonds authorized under this article may be outstanding, the Director of Veterans Affairs shall cause to be made at the close of each fiscal year, a survey of the financial condition of the Division of Farm and Home Purchases, together with a projection of the division’s operations, that survey to be made by an independent public accountant of recognized standing. The results of the surveys and projections shall be set forth in written reports and the independent public accountant shall forward copies of the reports to the Director of Veterans Affairs, the members of the California Veterans Board, or, if that board is redesignated by the Legislature as the California Veterans Advisory Board, the members of the California Veterans Advisory Board, the appropriate policy committees dealing with veterans affairs in the Senate and the Assembly, and to the members of the Veterans’ Finance Committee of 1943. The Division of Farm and Home Purchases shall reimburse the independent public accountant for his or her services out of any funds that the division may have available on deposit with the Treasurer of the State of California.
(Amended by Stats. 1995, Ch. 91, Sec. 112. Effective January 1, 1996. Note: This section was added by Stats. 1967, Ch. 1572, and approved in Prop. 1 on June 4, 1968.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.980.

996.980. The committee may authorize the State Treasurer to sell all or any part of the bonds herein authorized at such time or times as may be fixed by the State Treasurer.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5j - Veterans Bond Act of 1968 › Section 996.981.

996.981. Whenever bonds are sold, out of the first money realized from their sale, there shall be redeposited in the General Obligation Bond Expense Revolving Fund established by Section 16724.5 of the Government Code such sums as have been expended for the purposes specified in Section 16724.5 of the Government Code, which may be used for the same purpose and repaid in the same manner whenever additional sales are made.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.985.

996.985. This article may be cited as the Veterans Bond Act of 1971.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.986.

996.986. The State General Obligation Bond Law, except as otherwise provided herein, is adopted for the purpose of the issuance, sale, and repayment of, and otherwise providing with respect to, the bonds authorized to be issued by this article, and the provisions of that law are included in this article as though set out in full in this article. All references in this article to “herein” shall be deemed to refer both to this article and such law.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.987.

996.987. As used in this article and for the purposes of this article as used in the State General Obligation Bond Law, Chapter 4 (commencing with Section 16720), Part 3, Division 4, Title 2 of the Government Code, the following words shall have the following meanings:
(a) “Bond” means veterans bond, a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law.
(b) “Committee” means the Veterans’ Finance Committee of 1943, created by Section 991.
(c) “Board” means the Department of Veterans Affairs.
(d) “Fund” means the Veterans Farm and Home Building Fund of 1943 created by Section 988.
(e) “Bond Act” means this article authorizing the issuance of State General Obligation Bonds and adopting Chapter 4 (commencing with Section 16720), Part 3, Division 4, Title 2 of the Government Code by reference.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.988.

996.988. For the purpose of creating a fund to provide farm and home aid for veterans in accordance with the provisions of the Veterans Farm and Home Purchase Act of 1943 and of all acts amendatory thereof and supplemental thereto, the Veterans’ Finance Committee of 1943, created by Section 991, shall be and it hereby is authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate amount of two hundred fifty million dollars ($250,000,000), in the manner provided herein, but not otherwise, nor in excess thereof.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.989.

996.989. All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal and interest thereof.
There shall be collected annually in the same manner and at the same time as other state revenue is collected such a sum, in addition to the ordinary revenues of the state, as shall be required to pay the principal and interest on said bonds as herein provided, and it is hereby made the duty of all officers charged by law with any duty in regard to the collections of said revenue, to do and perform each and every act which shall be necessary to collect such additional sum.
On the several dates on which funds are remitted pursuant to Section 16676 of the Government Code for the payment of the then maturing principal and interest on the bonds in each fiscal year, there shall be returned into the General Fund in the State Treasury, all of the money in the Veterans’ Farm and Home Building Fund of 1943, not in excess of the principal of and interest on the said bonds then due and payable, except as hereinafter provided for the prior redemption of said bonds, and, in the event such money so returned on said remittance dates is less than said principal and interest then due and payable, then the balance remaining unpaid shall be returned into the General Fund in the State Treasury out of said Veterans’ Farm and Home Building Fund of 1943 as soon thereafter as it shall become available, together with interest thereon from such dates of maturity until so returned at the same rate as borne by said bonds, compounded semiannually.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.990.

996.990. There is hereby appropriated from the General Fund in the State Treasury for the purpose of this article, such an amount as will equal the following:
(a) Such sum annually as will be necessary to pay the principal of and the interest on the bonds issued and sold pursuant to the provisions of this article, as said principal and interest become due and payable.
(b) Such sum as is necessary to carry out the provisions of Section 996.991, which sum is appropriated without regard to fiscal years.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.991.

996.991. For the purposes of carrying out the provisions of this article the Director of Finance may by executive order authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds which have been authorized to be sold for the purpose of carrying out this article. Any amounts withdrawn shall be deposited in the Veterans’ Farm and Home Building Fund of 1943. Any moneys made available under this article to the board shall be returned by the board to the General Fund from moneys received from the sale of bonds sold for the purpose of carrying out this article, together with interest at the rate of interest fixed in the bonds so sold.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.992.

996.992. Upon request of the Department of Veterans Affairs, supported by a statement of the plans and projects of said department with respect thereto, and approved by the Governor, the Veterans’ Finance Committee of 1943 shall determine whether or not it is necessary or desirable to issue any bonds authorized under this article in order to carry such plans and projects into execution, and, if so, the amount of bonds then to be issued and sold. Successive issues of bonds may be authorized and sold to carry out said plans and projects progressively, and it shall not be necessary that all the bonds herein authorized to be issued shall be sold at any one time.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.993.

996.993. So long as any bonds authorized under this article may be outstanding, the Director of Veterans Affairs shall cause to be made at the close of each fiscal year, a survey of the financial condition of the Division of Farm and Home Purchases, together with a projection of the division’s operations, that survey to be made by an independent public accountant of recognized standing. The results of the surveys and projections shall be set forth in written reports and the independent public accountant shall forward copies of the reports to the Director of Veterans Affairs, the members of the California Veterans Board, the appropriate policy committees dealing with veterans affairs in the Senate and the Assembly, and to the members of the Veterans’ Finance Committee of 1943. The Division of Farm and Home Purchases shall reimburse the independent public accountant for his or her services out of any funds that the division may have available on deposit with the Treasurer of the State of California.
(Amended by Stats. 1995, Ch. 91, Sec. 113. Effective January 1, 1996. Note: This section was added by Stats. 1971, Ch. 1167, and approved in Prop. 1 on June 6, 1972.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.994.

996.994. The committee may authorize the State Treasurer to sell all or any part of the bonds herein authorized at such time or times as may be fixed by the State Treasurer.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5k - Veterans Bond Act of 1971 › Section 996.995.

996.995. Whenever bonds are sold, out of the first money realized from their sale, there shall be redeposited in the General Obligation Bond Expense Revolving Fund established by Section 16724.5 of the Government Code such sums as have been expended for the purposes specified in Section 16724.5 of the Government Code, which may be used for the same purpose and repaid in the same manner whenever additional sales are made.
(Added by Stats. 1971, Ch. 1167. Approved in Proposition 1 at the June 6, 1972, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.001.

997.001. This article may be cited as the Veterans Bond Act of 1974.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.002.

997.002. The State General Obligation Bond Law, except as otherwise provided herein, is adopted for the purpose of the issuance, sale, and repayment of, and otherwise providing with respect to, the bonds authorized to be issued by this article, and the provisions of that law are included in this article as though set out in full in this article. All references in this article to “herein” shall be deemed to refer both to this article and such law.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.003.

997.003. As used in this article and for the purposes of this article as used in the State General Obligation Bond Law, Chapter 4 (commencing with Section 16720), Part 3, Division 4, Title 2 of the Government Code, the following words shall have the following meanings:
(a) “Bond” means veterans bond, a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law.
(b) “Committee” means the Veterans’ Finance Committee of 1943, created by Section 991.
(c) “Board” means the Department of Veterans Affairs.
(d) “Fund” means the Veterans Farm and Home Building Fund of 1943 created by Section 988.
(e) “Bond Act” means this article authorizing the issuance of State General Obligation Bonds and adopting Chapter 4 (commencing with Section 16720), Part 3, Division 4, Title 2 of the Government Code by reference.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.004.

997.004. For the purpose of creating a fund to provide farm and home aid for veterans in accordance with the provisions of the Veterans Farm and Home Purchase Act of 1943 and of all acts amendatory thereof and supplemental thereto, the Veterans’ Finance Committee of 1943, created by Section 991, shall be and hereby is authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate amount of three hundred fifty million dollars ($350,000,000), in the manner provided herein, but not otherwise, nor in excess thereof.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.005.

997.005. All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal and interest thereof.
There shall be collected annually in the same manner and at the same time as other state revenue is collected such a sum, in addition to the ordinary revenues of the state, as shall be required to pay the principal and interest on said bonds as herein provided, and it is hereby made the duty of all officers charged by law with any duty in regard to the collections of said revenue, to do and perform each and every act which shall be necessary to collect such additional sum.
On the several dates on which funds are remitted pursuant to Section 16676 of the Government Code for the payment of the then maturing principal and interest on the bonds in each fiscal year, there shall be returned into the General Fund in the State Treasury, all of the money in the Veterans’ Farm and Home Building Fund of 1943, not in excess of the principal of and interest on the said bonds then due and payable, except as hereinafter provided for the prior redemption of said bonds, and, in the event such money so returned on said remittance dates is less than said principal and interest then due and payable, then the balance remaining unpaid shall be returned into the General Fund in the State Treasury out of said Veterans’ Farm and Home Building Fund of 1943 as soon thereafter as it shall become available, together with interest thereon from such dates of maturity until so returned at the same rate as borne by said bonds, compounded semiannually.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.006.

997.006. There is hereby appropriated from the General Fund in the State Treasury for the purpose of this article, such an amount as will equal the following:
(a) Such sum annually as will be necessary to pay the principal of and the interest on the bonds issued and sold pursuant to the provisions of this article, as said principal and interest become due and payable.
(b) Such sum as is necessary to carry out the provisions of Section 997.007, which sum is appropriated without regard to fiscal years.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 5l - Veterans Bond Act of 1974 › Section 997.007.

997.007. For the purposes of carrying out the provisions of this article the Director of Finance may by executive order authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds which have been authorized to be sold for the purpose of carrying out this article. Any amounts withdrawn shall be deposited in the Veterans Farm and Home Building Fund of 1943. Any moneys made available under this article to the board shall be returned by the board to the General Fund from moneys received from the sale of bonds sold for the purpose of carrying out this article, together with interest at the rate of interest fixed in the bonds so sold.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)