ARTICLE 5x. Veterans’ Bond Act of 2008
Article 5x added by Stats. 2008, Ch. 122, Sec. 1.
§§ 998.400–998.414 · 15 sections
- § 998.400 This article may be cited as the Veterans’ Bond Act of 2008.
- § 998.401 (a) The State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), except as…
- § 998.402 As used herein, the following terms have the following meanings: (a) “Board” means the Department of Veterans Affairs. (b) “Bond” means a veterans’ bond, a…
- § 998.403 For the purpose of creating a fund to provide farm and home aid for veterans in accordance with the Veterans’ Farm and Home Purchase Act of 1974 (Article 3.1…
- § 998.404 (a) All bonds authorized by this article, when duly sold and delivered as provided herein, constitute valid and legally binding general obligations of the…
- § 998.405 There is hereby appropriated from the General Fund, for purposes of this article, a sum of money that will equal both of the following: (a) That sum annually…
- § 998.406 For the purposes of this article, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of a sum of money not to…
- § 998.407 The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the…
- § 998.408 Upon request of the board, supported by a statement of its plans and projects approved by the Governor, the committee shall determine whether to issue any…
- § 998.409 As long as any bonds authorized under this article are outstanding, the Secretary of Veterans Affairs shall, at the close of each fiscal year, require a survey…
- § 998.410 The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established by the Treasurer.…
- § 998.411 Out of the first money realized from the sale of bonds as provided herein, there shall be redeposited in the General Obligation Bond Expense Revolving Fund,…
- § 998.412 Any bonds issued and sold pursuant to this article may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of…
- § 998.413 Notwithstanding any provision of the bond act, if the Treasurer sells bonds under this article for which bond counsel has issued an opinion to the effect that…
- § 998.414 The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article are not “proceeds of taxes” as that…