ARTICLE 4. Appropriation, Security, Sale, and Funds [1003.1. - 1003.16.]
Article 4 added by Stats. 1970, Ch. 1488.
§§ 1003.1–1003.16 · 14 sections
- § 1003.1 There is hereby appropriated, from any surplus money in the Veterans’ Farm and Home Building Fund of 1943, not required to meet any immediate demand which has…
- § 1003.2 The revenues shall be pledged first to the payment of the principal of and interest on the debentures and to all funds created for the further security of such…
- § 1003.3 In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable,…
- § 1003.4 The department shall at all times, so long as any of the debentures are outstanding, establish, fix, and collect interest at the rate or rates, which may be…
- § 1003.6 All interest and other payments or charges of any kind or character due under any and all such contracts shall be payable in such coin or currency of the…
- § 1003.7 All revenues to be received by the department from pledged contracts shall be directly, concurrently and exclusively pledged to the payment of debentures, and…
- § 1003.8 All debenture redemption and interest payments and any premium payable upon debentures called for redemption, and all payments required for reserve funds,…
- § 1003.10 There is in the State Treasury a revolving fund known as the Veterans’ Farm and Home Building Fund of 1970. Proceeds of sale of debentures shall be deposited…
- § 1003.11 There is in the State Treasury a special fund known as the Veterans’ Debenture Revenue Fund. All revenues shall be deposited in the Veterans’ Debenture Revenue…
- § 1003.12 The State Controller is hereby authorized to make all necessary orders to provide for the establishment of special funds and accounts authorized by any…
- § 1003.13 Prior to the issuance of any debentures the department is authorized to deposit in any reserve fund created for the further security of the debentures, as the…
- § 1003.14 Debentures authorized under any resolution of issuance approved by the Veterans’ Debenture Finance Committee shall be sold by the State Treasurer upon the…
- § 1003.15 In the event the State Treasurer shall determine to sell the debentures, all costs and expenses of publication of notice of sale shall be a charge against the…
- § 1003.16 (a) Notwithstanding any other provision of this chapter, and in lieu of a pledge of revenues as security for any debentures issued pursuant to this chapter,…