BlackletterCalifornia law

Military and Veterans Code § 998.405

ARTICLE 5x. Veterans’ Bond Act of 2008

Current as of September 28, 2026Mil. & Vet. Code, § 998.405Official source ↗

Added by Stats. 2008, Ch. 122, Sec. 1. Approved in Proposition 12 at the November 4, 2008, election.

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 necessary to pay the principal of, and the interest on, the bonds issued and sold as provided herein, as that principal and interest become due and payable.

(b) That sum necessary to carry out Section 998.406, appropriated without regard to fiscal years.