ARTICLE 5z. The Veterans and Affordable Housing Bond Act of 2018 [998.600. - 998.614.]
Article 5z added by Stats. 2017, Ch. 365, Sec. 4.
§§ 998.600–998.614 · 15 sections
- § 998.600 Together with Part 16 (commencing with Section 54000) of Division 31 of the Health and Safety Code, this article shall be known and may be cited as the…
- § 998.601 (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), as amended…
- § 998.602 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…
- § 998.603 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…
- § 998.604 (a) All bonds authorized by this article, when duly sold and delivered as provided herein, constitute valid and legally binding general obligations of the…
- § 998.605 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…
- § 998.606 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…
- § 998.607 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…
- § 998.608 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…
- § 998.609 (a) 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…
- § 998.610 (a) 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…
- § 998.611 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,…
- § 998.612 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…
- § 998.613 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…
- § 998.614 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…