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 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.655.

987.655. For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department shall charge a rate of interest higher than that which is charged to purchasers of conventional housing or of a mobilehome sited on a lot owned by the purchaser. The interest rate shall be set by the department to balance lending risk while maintaining a rate at or below the market rate for a mobilehome in a park.
(Amended by Stats. 2021, Ch. 549, Sec. 13. (SB 661) Effective January 1, 2022.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.656.

987.656. A mobilehome which is purchased under this act shall not be moved from its original site to any other location, without first obtaining prior authorization from the department.
Any person who moves or causes to be moved a mobilehome under this act, without first obtaining approval from the department, shall be jointly and severally liable to the department for the full amount of the mobilehome loan balance.
(Added by Stats. 1978, Ch. 13.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.67.

987.67. Except as set forth in regulations adopted by the department pursuant to Section 987.93 with respect to cooperative dwelling units in lieu of, or in addition to, the provisions of this section, before the purchase of any property by the department there shall be filed with the department (1) an appraisement of the market value of the property by an employee or an authorized agent of the department, (2) an appraisement of the market value of the property by either the Federal Housing Administration or the Veteran’s Administration, and in addition there may be filed with the department an appraisement of the market value of the property by an authorized appraiser of a banking corporation formed under the laws of this state or of a national banking association having a place of business in this state, or (3) an appraisement of the market value of the property by an appraiser licensed or certified in this state. Each appraisement shall be certified by the maker thereof. The certification shall state that it is made in good faith, and that the valuation is honestly determined and represents the bona fide opinion of the maker.
(Amended by Stats. 2021, Ch. 549, Sec. 14. (SB 661) Effective January 1, 2022.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.68.

987.68. The department, before consummating a purchase under the provisions of this article, shall cause the title of the property sought to be purchased to be examined and may require for that purpose an abstract, an unlimited certificate of title, or a policy of title insurance, and may refer the same to the Attorney General for his opinion.
(Added by Stats. 1974, Ch. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.72.

987.72. The provisions of Section 987.71, relative to the rate of interest to be charged to veteran purchasers do not apply to assignees of such purchasers who are not veterans, but as to such assignees the rate of interest shall be as fixed by the department, compounded at periods fixed by the department.
The action of the department in refusing to permit any assignments except as provided in this section is hereby ratified and confirmed, it having at all times been the intent of the Legislature that Section 987.71 apply to veteran purchasers only.
(Added by Stats. 1974, Ch. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.721.

987.721. (a) Notwithstanding Section 987.72, upon the dissolution of marriage or legal separation of a veteran contract purchaser and the veteran’s spouse, an assignment may be made in favor of the nonveteran former spouse at the same rate of interest and upon the same terms and conditions as are provided to veteran purchasers provided the veteran’s entire beneficial interest is transferred to the spouse and provided there are one or more dependent children of the veteran occupying the property and the spouse continues to reside in the home and make the payments in the same amount required by the purchase contract. For purposes of this subdivision, any child of the veteran who is legally adopted or who acquires a separate domicile or marries shall not be considered a dependent child.
(b) Should the veteran retain entire beneficial interest in the property after dissolution or legal separation, the veteran may continue as purchaser provided either the veteran or the former spouse continues to occupy the property.
(Amended by Stats. 1991, Ch. 616, Sec. 2. Effective October 8, 1991.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.73.

987.73. (a) Except as provided in subdivision (b), the department in each individual case may specify the terms of the contract entered into with the purchaser, but no property sold under this article shall, voluntarily or involuntarily, by operation of law or otherwise, be transferred, assigned, encumbered, leased, let or sublet, in whole or in part, nor shall any mobilehome be removed from its original site, except in case of emergency where temporary removal is necessary to avoid potential damage, without the written consent of the department, until the purchaser has paid therefor in full and has complied with all the terms and conditions of this contract of purchase. The department may give its written consent to such transfers, assignments, encumbrances, leasings, lettings or sublettings, or removals, for good cause shown, subject to the interest of the department and consistent with the purposes of this article.
(b) The consent of the department shall not be required where a veteran, alone or jointly with his spouse, transfers his interest in property which is the subject of a loan agreement with the department into a revocable trust established for the benefit of the veteran or of the veteran and his spouse.
(c) The department may consent to an assignment in favor of a nonveteran spouse if a veteran purchaser qualifies as “a person in long-term care” as defined in Section 14050.3 of the Welfare and Institutions Code if the department is satisfied that the interest of the veteran is adequately protected. If consent is given to the assignment, the contract shall continue at the same rate of interest and upon the same terms and conditions as are provided to veteran purchasers. Consent by the department to the assignment shall be deemed given if the assignment is pursuant to a court order, and if notice of the hearing was provided to the department at least 30 days prior to the hearing at which the court order was issued.
(Amended by Stats. 1992, Ch. 526, Sec. 1. Effective January 1, 1993.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.75.

987.75. (a) If the purchaser or, if applicable, the related stock corporation, fails or neglects to pay, satisfy, and discharge at maturity all taxes and assessments, and all other charges and encumbrances which are a lien upon the property being purchased from the department, or any part thereof, and also all taxes and assessments levied or assessed upon the interest created by the contract of purchase of such property; or to keep the buildings, fences, other permanent improvements upon such property insured and in good order and repair, or to keep the crops upon such property insured; or to keep in good order and repair all buildings, fences, and other permanent improvements situated upon such property; then, in such event, the department may pay, satisfy, discharge, settle, or compromise the taxes, assessments, charges, or encumbrances, or insure the buildings, fences, permanent improvements, or crops, or do the work and supply the materials necessary to keep the buildings, fences, and other improvements in good order and repair. All moneys so expended by the department shall be added to the selling price of the property and bear interest at the rate of interest designated in Section 987.71 from the date of expending the same, and shall be repaid by the purchaser to the department on demand. The department may amortize the repayment of such expenditures or permit repayment in installments upon the terms and conditions which it deems proper.
(b) The department may establish provisions under regulations adopted by the department pursuant to Section 987.93 with respect to cooperative dwelling units in lieu of, or in addition to, the provisions of this section.
(Amended by Stats. 2012, Ch. 396, Sec. 6. (AB 1224) Effective September 20, 2012.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.76.

987.76. Notwithstanding Section 6157 of the Government Code, the department shall be the sole judge of all of the following:
(a) The legality or validity of taxes, assessments, charges, insurance premiums, guaranty fees, or encumbrances, and the amount necessary to be paid in satisfaction or discharge thereof.
(b) The amount of insurance to be placed upon the buildings, fences, other permanent improvements, and crops and the amount necessary to be paid for the premiums for that insurance.
(c) The necessity and nature of the work required to keep the buildings, fences, and other improvements in good order and repair, and the amount to be paid therefor.
(d) The amount of loan insurance or guaranty to be placed upon the veteran’s liability for repayment of the veteran’s contract and the amount necessary to be paid by the veteran or the department for the premiums or fees for that insurance or guaranty.
(Amended by Stats. 1998, Ch. 530, Sec. 4. Effective September 17, 1998.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.77.

987.77. In the event of a failure of a purchaser to comply with any of the terms of his or her contract of purchase, the department may cancel such contract, and thereupon be released from all obligations, at law or in equity, to convey the property, and the purchaser shall forfeit all right thereto. All payments theretofore made shall be deemed to be rental paid for occupancy. Upon such forfeiture, the department shall take possession of the property covered by such contract, and shall remove all persons and personal property therefrom without any liability whatsoever on the part of the department or of any official or employee thereof for any damage or injury caused by or incident to the entry or removal. The failure of the department to exercise any option to cancel or to exercise any other privilege under such contract for any default shall not constitute a waiver of the right to exercise such option or privilege for any other default on the part of the purchaser. The department shall allow a stock cooperative, as defined in subdivision (m) of Section 1351 of the Civil Code, the opportunity to cure any failure by a purchaser described in this section.
(Amended by Stats. 2011, Ch. 377, Sec. 10. (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 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.775.

987.775. Whenever the department proceeds under Section 987.77 to declare a forfeiture and to retain all payments made under the forfeited contract as rental paid for occupancy, the department may, in lieu of paying any net gain to the purchaser in accordance with Section 987.79, deposit that net gain into a segregated account in the Veterans’ Farm and Home Building Fund of 1943 created to receive funds pursuant to this section. The funds in the account shall be accumulated until June 30 of each year, and any losses on the sales of forfeited properties during the fiscal year shall be deducted from the total of the net gains deposited in the account during the fiscal year. The department may expend the funds remaining in the account on June 30 each year, after deduction for losses on sales of forfeited properties, for purposes of assistance to lower income purchasers pursuant to subdivision (c), (e), or (h) of Section 987.71.
(Amended by Stats. 2003, Ch. 441, Sec. 3. 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 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.78.

987.78. (a) In the event of a forfeiture of a contract of purchase under this article, the department may sell or otherwise dispose of the property covered by the forfeited contract to any person and upon any terms and conditions as it determines to be proper, under the conditions set forth in this section.
(b) The department shall give first preference to a veteran who qualifies under this article and who served during a time of war, second preference to any other person serving in or honorably discharged from the armed forces of the United States, third preference to any person who is a first-time home buyer, and fourth preference to any other person.
(c) Where the department elects in the event of a forfeiture to sell or otherwise dispose of an assignment of an Indian veteran’s beneficial interest or of a leasehold interest in allotment trust land, the department shall first offer it for sale to the person or persons for whom the land is held in trust, including an Indian veteran having a beneficial interest in the trust land on which the forfeiture occurred, at a price equal to the unpaid balance of the contract price. If none of the persons for whom the land is held in trust accepts the offer, the department shall next offer it to the United States Secretary of the Interior at the same price.
(d) Where the department elects in the event of forfeiture to sell or otherwise dispose of a leasehold interest in tribal trust land, the department shall first offer it for sale to the tribe for whom the land is held in trust at a price equal to the unpaid balance of the contract price. If the tribe fails to accept the offer, the department shall next offer it to the United States Secretary of the Interior at the same price.
(e) Where all the parties to whom the department is required to offer the property under subdivision (c) or (d) fail to accept the offer, the department may sell or otherwise dispose of the property covered by the forfeited contract as provided by subdivision (a) and, in so doing, the department shall give first preference to any good faith offer by a person approved by the tribal council of the reservation, rancheria, or land held under the jurisdiction of that particular tribal governing body on which the allotment land is sited.
(f) If the property is subject to a participation contract, the department may, at its option, pay the balance due upon the participation contract, including accrued interest, without penalty.
(g) Nothing in this section invalidates a transfer to, or affects the interest of, a good faith purchaser for value without notice of any failure of the department to comply with any requirement of this section in the disposition of any property subject to a forfeited contract.
(Amended by Stats. 1997, Ch. 156, Sec. 3. Effective January 1, 1998.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.785.

987.785. Except as set forth in regulations adopted by the department pursuant to Section 987.93 with respect to a cooperative dwelling unit, whenever the department cancels a contract and takes possession of a property pursuant to Section 987.77 and elects to sell the property covered by a forfeited contract, the department may, at its option, establish a procedure for listing the property for sale, together with similarly located properties, with a licensed real estate broker. The department may, in this connection, prepare schedules of properties available for sale by geographic areas and may offer a schedule from time to time to any licensed real estate broker within the geographic area covered by the schedule for a fee which shall be sufficient to cover the costs to the department in compiling the schedules and making them available. If the department enters into a real estate listing agreement, exclusive or otherwise, with a licensed real estate broker, the department shall cooperate with the broker in all customary respects and make the property available at reasonable times for inspections by prospective purchasers.
(Amended by Stats. 2012, Ch. 396, Sec. 7. (AB 1224) Effective September 20, 2012.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.79.

987.79. (a) Except as otherwise provided in subdivision (b), the department may, in the contract of purchase with a veteran, provide that, in the event of default by the veteran and forfeiture of his or her rights under the contract and subsequent sale of the property by the department, it may pay to the veteran any net gain realized by the department upon the sale. The department is the sole judge of the net gain.
(b) The net gain realized by the department upon the sale of a cooperative dwelling unit owned by a limited equity housing cooperative shall be determined in accordance with regulations adopted by the department pursuant to Section 987.93.
(Amended by Stats. 2012, Ch. 396, Sec. 8. (AB 1224) Effective September 20, 2012.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.80.

987.80. (a) The department may insure and keep insured against fire or other hazards all buildings, fences, other permanent improvements, or crops situated upon any property which has reverted to and is under the control of the department, or may do the work and supply the materials necessary to keep the buildings, fences, and other improvements situated upon the property in good order and repair. The department may lease or let the property, in whole or in part, upon any terms that the department determines to be proper. In the case of a farm, the department may cultivate the farm or harvest the crop.
(b) Whenever the department determines to lease or let any reverted property pursuant to subdivision (a), the department may give first priority to public or private organizations serving homeless veterans if the property is zoned for that use and all state and local building permit and use conditions are met. The department may give second priority to a public housing authority organized pursuant to the Housing Authorities Law (Chapter 1 (commencing with Section 34200) of Part 2 of Division 24 of the Health and Safety Code) for leasing or letting to persons of low income, as defined in Section 34213 of the Health and Safety Code.
(Amended by Stats. 1989, Ch. 563, Sec. 4.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.81.

987.81. If illness or accident prevents a purchaser of a farm from cultivating his farm or harvesting any crop, the department may enter and cultivate the farm or harvest the crop. In such event the department has a first lien upon the crop for all moneys expended and may sell the harvested crop. Out of the proceeds of the sale the department may reimburse itself for any expense which it has incurred in the cultivation of the farm, the harvesting of crops and the sale thereof, and retain any moneys due to the department from the purchaser. Any balance shall be paid by the department to the purchaser.
(Added by Stats. 1974, Ch. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.82.

987.82. When a purchaser dies, indebted to the department under contract of purchase, his rights acquired under this article and such contract shall devolve upon his heirs, devisees, or personal representatives, but subject to all rights, claims, and charges of the department. Default on the part of an heir, devisee, or personal representative, with respect to any right, claim, or charge of the department shall have the same effect as would default on the part of the purchaser but for his death.
(Added by Stats. 1974, Ch. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.83.

987.83. For the purposes of carrying out the Veterans’ Farm and Home Purchase Act of 1974 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, and the amount necessary to carry out this section is hereby appropriated without regard to fiscal years. Any amounts withdrawn shall be deposited in the Veterans’ Farm and Home Building Fund of 1974. Any moneys made available under this section to the department shall be returned to the General Fund in such amounts as may be received by the department 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. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.84.

987.84. Except as may otherwise be permitted by the department pursuant to regulations adopted by the department pursuant to Section 987.93, the right to declare a forfeiture for breach of a condition contained in any deed to real property or in any cooperative dwelling unit ownership documents may not be enforced as against the interest of the department in said property or any portion thereof.
(Amended by Stats. 2012, Ch. 396, Sec. 9. (AB 1224) Effective September 20, 2012.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.86.

987.86. (a) Any veteran for whom a farm or home is purchased under this article may be granted a subsequent opportunity to purchase another farm or home when the farm or home purchased under this article is sold, refinanced, or the veteran’s interest is divested through divorce or dissolution of marriage. The maximum amount that the department may advance under this subdivision is limited to the maximum amounts set forth in Section 987.65 at the time the application is made for the subsequent loan.
(b) Only one farm or home purchased under this article shall be owned by a veteran or a veteran and the veteran’s spouse at any one time. This subdivision does not apply to an interest of a former spouse.
(Amended by Stats. 1997, Ch. 156, Sec. 4. Effective January 1, 1998.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.875.

987.875. Notwithstanding Section 987.87 or any other provision of law, the department shall report to the California Veterans Board and the Veterans’ Finance Committee of 1943, regarding the recommended rate of interest payable upon the amount remaining unpaid under any veteran’s purchase contract executed on or after January 1, 1999. The department, from time to time, shall establish and may modify, subject to the approval of the board and the committee, the actual rates to be paid, which may be fixed interest rates or variable interest rates, or the methodology and timing for determining or modifying the actual interest rates to be paid, which methodology may produce fixed interest rates or variable interest rates on purchase contracts executed on or after January 1, 1999. The interest rates need not be uniform for all the purchase contracts. The interest rates shall be determined by the department in accordance with guidelines established by the board and the committee.
(Added by Stats. 1998, Ch. 362, Sec. 1. Effective August 24, 1998.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.88.

987.88. (a) In the event the department enters into a master agreement with one or more insurance companies to provide life or disability insurance coverage for the purchasers of farms and homes from the department, the master agreement shall provide that the life insurance will be offered to purchasers who are disabled solely as a result of their qualifying military service and to nondisabled purchasers on an equal basis and that no purchaser shall be denied coverage solely because that purchaser has a qualifying military service-connected disability at the time of application. Notwithstanding Part 2 (commencing with Section 10110) of Division 2 of the Insurance Code, the life or disability insurance shall be a form of group life or group disability insurance.
(b) The master agreement shall provide for maintenance of those reserves as the department, after consultation with the Insurance Commissioner, deems appropriate and prudent, and the department may use from time to time any accumulated surplus in those reserves, or any refunds or returns therefrom upon termination of the agreement, for the purposes of this article or of any veterans general obligation or revenue bond act. Any and all acts of the department in maintaining and using the reserves consistent with this subdivision are hereby ratified and confirmed, it having at all times been the intent of the Legislature that reserves be maintained and that any surpluses therein or refunds or returns therefrom be used by the department for the purposes stated in this subdivision.
(c) Notwithstanding subdivision (b), on and after January 1, 1987, any reserves maintained under the master agreement shall not exceed a level greater than 20 percent in excess of actuarial requirements plus a reasonable contingency reserve, as determined annually by the department, and the department may contract with one or more independent actuaries or actuarial firms to assist the department in the annual determination.
(d) Any departmental proposal to enter into, revise, amend, renew, extend, or cancel, any agreement described in this section shall be a policy change subject to subdivisions (b), (c), and (d) of Section 84.
(Amended by Stats. 1998, Ch. 197, Sec. 1. 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 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.881.

987.881. The insurance company or companies may provide life and disability insurance pursuant to Section 987.88 by one or more separate accounts.
(Added by Stats. 1983, Ch. 1140, Sec. 1.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.89.

987.89. The action of a veteran purchaser for damages against any third party does not affect his right of action for all damages against any party other than the department. If the department indemnifies, or becomes obligated to indemnify, the veteran purchaser, it may likewise bring an action against any such third party responsible for damage to the contract property. In the latter event, the department may recover in the same suit all payments made on behalf of the veteran purchaser.
If either the veteran purchaser or the department brings an action against such third party, the veteran purchaser or the department, as the case may be, shall forthwith give to the other written notice of the action and of the name of the court in which the action is brought, by personal service or registered mail. Proof of such service shall be filed in such action. If the action is brought by either the veteran purchaser or the department, the other may, at any time before trial on the facts, join as party plaintiff, or shall consolidate the action if brought independently.
The court shall first apply, out of the entire amount of any judgment for any damage recovered by the veteran purchaser, a sufficient amount to reimburse the department for the amount of its expenditures for indemnification. If the department has not joined in the action or has not brought action, or if the action has not been consolidated, the court, on the department’s application, shall allow as a first lien against the entire amount of any judgment for any damages recovered by the veteran purchaser, the amount of the department’s expenditures for indemnification.
(Added by Stats. 1974, Ch. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.90.

987.90. For the purposes of carrying out the provisions of the Veterans’ Farm and Home Purchase Act of 1974, there is hereby appropriated, and the department is hereby authorized to utilize the proceeds derived from the Veterans Bond Act of 1974, and from all veterans bond acts subsequent thereto, and to combine such funds up to a percent to be established by the Veterans Finance Committee and reported to the Legislature annually, with funds derived from participation contracts.
(Amended by Stats. 1976, Ch. 1092.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.91.

987.91. Pursuant to the provisions of Section 987.90, the Department of Veterans Affairs is authorized to issue to lenders or investors supplying funds for the program a participation contract.
(Added by Stats. 1974, Ch. 1477.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.92.

987.92. Notwithstanding other provisions of this article relating to maximum sums to be expended by the department and maximum purchase price, the department may acquire or construct a home equipped with solar energy heating devices at a purchase price not in excess of five thousand dollars ($5,000) over the maximum amounts specified in Sections 987.60, 987.61, and 987.65. Solar energy heating devices for swimming pools, hot tubs, saunas, and spas shall not qualify for any expenditure pursuant to this section except in the case of veterans who were wounded or disabled as a result of their service and who provide medical evidence satisfactory to the department that a heated swimming pool, hot tub, sauna, or spa, is therapeutically necessary.
(Amended by Stats. 1981, Ch. 128, Sec. 1.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.93.

987.93. Where the property consists of a cooperative dwelling unit:
(a) The purchaser’s right to occupy the property under its contract with the department shall not be subject to consent or approval by the stock cooperative, as defined in subdivision (m) of Section 1351 of the Civil Code, nor shall there be any fee or surcharge imposed by the stock cooperative as a result of the right of occupancy, provided that the foregoing shall not affect the rights that the stock cooperative may have under the applicable cooperative dwelling unit ownership documents to approve the initial acquisition of the cooperative dwelling unit by the department on behalf of the purchaser.
(b) As a condition to taking title to a cooperative dwelling unit, the department shall require that the stock cooperative enter into an agreement directly with the department, which agreement shall be in a form established by the department and shall provide for such matters as the department may determine relating to (1) the enforcement by the stock cooperative of its rights in the event that the purchaser defaults under the cooperative dwelling unit ownership documents, (2) the enforcement by the department of its rights in the event the purchaser defaults under its contract with the department, and (3) such other matters as the department may determine to be necessary to reasonably protect its interest in the property.
(Added by Stats. 2011, Ch. 377, Sec. 12. (AB 1084) Effective September 30, 2011. See same-numbered section added by Stats. 2012, Ch. 396.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.1 - Veterans Farm and Home Purchase Act of 1974 › Section 987.93.

987.93. The department may adopt regulations necessary to implement this article for cooperative dwelling units that are consistent with the objectives and purposes of this article and in a manner in accordance with the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code).
(Added by Stats. 2012, Ch. 396, Sec. 10. (AB 1224) Effective September 20, 2012. See same-numbered section added by Stats. 2011, Ch. 377.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.001.

987.001. This article may be cited as the Veterans Housing and Homeless Prevention Act of 2014.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013. Note: Sections 987.01 through 987.31 are located in Article 3; Sections 987.50 through 987.93 are located in Article 3.1.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.002.

987.002. (a) The purpose of this article is to provide the acquisition, construction, rehabilitation, and preservation of affordable multifamily supportive housing, affordable transitional housing, affordable rental housing, or related facilities for veterans and their families to allow veterans to access and maintain housing stability.
(b) A program established under this article shall be restricted to veterans and their families.
(c) The California Housing Finance Agency, the Department of Housing and Community Development, and the Department of Veterans Affairs, herein after “departments,” shall work collaboratively pursuant to the memorandum of understanding, as specified in Section 987.006, to carry out the duties and functions of this article.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.003.

987.003. As used in this article:
(a) “Affordable rental housing” shall mean a rental housing development, as defined in subdivision (d) of Section 50675.2 of the Health and Safety Code, with affordable rents, as defined in subdivision (a) of Section 50675.2 of the Health and Safety Code, but neither definition is restrictive to only projects with five or more units.
(b) “Extremely low income” has the same meaning as defined in Section 50106 of the Health and Safety Code.
(c) “Homeless” has the same meaning as defined in Section 578.3 of Title 24 of the Code of Federal Regulations, as that section read on January 10, 2019.
(d) “Qualified entity” means an entity that is responsible for making referrals of qualified tenants to qualified units.
(e) “Qualified tenant” means an extremely low income veteran who is homeless.
(f) “Qualified unit” means a supportive housing unit restricted to extremely low income veterans pursuant to this article.
(g) “Secondary tenants” means a veteran who is homeless who has an income of up to 50 percent of the area median income and is receiving income as a result of service-connected disability benefits, or a veteran who is homeless and has an income of up to 60 percent of the area median income, but would otherwise have an income below 50 percent of area median income if not for their income as a result of service-connected disability.
(h) “Supportive housing” has the same meaning as defined in paragraph (2) of subdivision (b) of Section 50675.14 of the Health and Safety Code, but is not restrictive to only projects with five or more units.
(i) “Transitional housing” has the same meaning as defined in subdivision (h) of Section 50675.2 of the Health and Safety Code, but is not restrictive to only projects with five or more units.
(j) “Veteran” means any person who served in the active military, naval, or air service of the United States, or as a member of the National Guard who was called to and released from active duty or active service, for a period of not less than 90 consecutive days or was discharged from the service due to a service-connected disability within that 90-day period.
(Amended by Stats. 2023, Ch. 760, Sec. 1. (AB 1386) Effective January 1, 2024.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.004.

987.004. The administration of this article is vested solely in the departments. Total costs of administering this article shall not exceed 5 percent of the bond funds issued.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.006.

987.006. (a) No later than August 15, 2014, the departments shall enter into a memorandum of understanding to address their respective and shared responsibilities in implementing, overseeing, and evaluating this article.
(b) No later than August 15, 2014, the departments shall submit the memorandum of understanding to the Senate and Assembly Budget Committees.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.007.

987.007. The departments shall convene a stakeholder process to inform the development of guidelines for the implementation of any program pursuant to this article. Stakeholders represented shall include, but not be limited to, organizations that have experience providing housing or homeless services, or both, to veterans, housing developers, and public and private agencies that serve the veteran population.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.008.

987.008. (a) Pursuant to guidelines or terms developed pursuant to this article, a housing provider or sponsor may redesignate units within a project, so long as the same number of units financed under this act remain restricted to veterans and their families.
(b) Pursuant to guidelines or terms pursuant to this article, any units financed as supportive or transitional housing units for veterans may be redesignated as affordable rental or supportive housing to allow a veteran resident to remain housed in the project.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.009.

987.009. Notwithstanding Section 13340 of the Government Code, the proceeds of bonds deposited in the Housing for Veterans Fund pursuant to Section 998.544 shall be subject to annual appropriation, as determined by the Legislature.
(Added by Stats. 2013, Ch. 727, Sec. 3. (AB 639) Effective October 10, 2013.)
2023 California Code › Military and Veterans Code - MVC › DIVISION 4 - VETERANS' AID AND WELFARE › CHAPTER 6 - State Benefits for Veterans › ARTICLE 3.2 - The Veterans Housing and Homeless Prevention Act of 2014 › Section 987.010.

987.010. (a) For any loans issued pursuant to this article, loan terms shall be consistent with Section 50675.6 of the Health and Safety Code.
(b) All moneys received by the department in repayment of loans made pursuant to this article, including interest and payments in advance in lieu of future interest, shall be deposited in the Housing Rehabilitation Loan Fund established by Section 50661 of the Health and Safety Code, and notwithstanding Section 13340 of the Government Code, are continuously appropriated to the department for the purposes of the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code), except as otherwise provided in this section.
(c) The department may designate an amount not to exceed 1.5 percent of funds appropriated for use pursuant to subdivision (b) for the purposes of curing or averting a default on the terms of any loan or other obligation by the recipient of financial assistance, or bidding at any foreclosure sale where the default or foreclosure sale would jeopardize the department’s security in the rental housing development assisted pursuant to this article.  The funds so designated shall be known as the “default reserve.”
(d) The department may use default reserve funds made available pursuant to this section to repair or maintain any rental housing development assisted pursuant to this article that was acquired to protect the department’s security interest.
(e) The payment or advance of funds by the department pursuant to this section shall be exclusively within the department’s discretion, and no person shall be deemed to have any entitlement to the payment or advance of those funds.  The amount of any funds expended by the department for the purposes of curing or averting a default shall be added to the loan amount secured by the rental housing development and shall be payable to the department upon demand.
(f) All moneys set aside for the default reserve by the department pursuant to this section shall be deposited in the Housing for Veterans Fund established by Section 998.544, and, notwithstanding Section 13340 of the Government Code, are continuously appropriated to the department for the purposes of the default reserve set forth above in this section.
(g) For the purposes of this section, “department” means the Department of Housing and Community Development.
(h) This section shall become operative on January 1, 2022.
(Repealed (in Sec. 21) and added by Stats. 2020, Ch. 192, Sec. 22. (AB 434) Effective January 1, 2021. Section operative January 1, 2022, by its own provisions.)
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.

988. There is in the State Treasury a revolving fund known as the Veterans’ Farm and Home Building Fund of 1943. All moneys deposited in such fund shall be subject to the provisions of this article. Money may be withdrawn from such fund in accordance with law upon requisition of the department.
(Amended by Stats. 1947, Ch. 328.)
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 988.1.

988.1. The money paid by purchasers shall be deposited in the Veterans’ Farm and Home Building Fund of 1943 and be available for the purpose of carrying out the provisions of this article.
(Added by Stats. 1943, Ch. 1046.)