Military and Veterans Code, 1935

The department must maintain an Indemnity Fund in the State Treasury to indemnify eligible purchasers for certain disaster-related structural repair costs.

Purchasers must participate in the Indemnity Fund and pay a department-prescribed reasonable charge in addition to the regular monthly installment.

The department must adopt and publish rules and regulations to administer the Indemnity Fund.

The department may buy insurance for certain risks, and it must send the Legislature an annual report by September 1 each year about that coverage.

Eligible purchasers must be indemnified only from the Indemnity Fund, and the state is not liable beyond that fund’s assets.

A purchaser who elects to participate in the Indemnity Fund is not made liable under this article, except for participation charges under Section 989.5.

This section establishes the Veterans’ Finance Committee of 1943, sets its membership, says members serve without pay, gives a majority power to act, makes the Attorney General its legal advisor, and lets the committee decide whether a bond issue is necessary or desirable when the Department of Veterans Affairs requests it.

This article may be cited as the Veterans Affairs Construction Act of 1953.

The Public Works Board may buy real property, and the department may build, equip, and improve a building on it, but only with required approvals and within a $2,650,000 total limit.

The Department of Veterans Affairs has priority rights to office space built under this article, but must pay the required rent for the space it uses.

The Department of Veterans Affairs must contract with the Department of General Services for maintenance and repair of covered public works.

Excess space in certain veterans-facility buildings may be leased or let until it is needed, if the Department of Veterans Affairs approves the terms; rental income must be deposited into the Veterans’ Farm and Home Building Fund of 1943.

The Director of Veterans Affairs may take necessary steps to protect certain investment property, including buying insurance, and any transaction under this section must be approved by the Department of General Services.

This article may be cited as the Veterans Bond Act of 1968.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article, except where this section says otherwise.

This section defines key terms used in the Veterans Bond Act article and related State General Obligation Bond Law provisions.

The Veterans’ Finance Committee of 1943 is authorized to create up to $200 million in state debt or liabilities to fund farm and home aid for veterans.

California must collect enough money each year to pay the principal and interest on these bonds, and revenue-collection officers must take all necessary steps to collect it.

This section appropriates money from the General Fund in the State Treasury for this article.

The Director of Finance may authorize limited withdrawals from the General Fund for this article, and the board must repay the money to the General Fund with interest from bond-sale proceeds.

The Veterans’ Finance Committee of 1943 must decide whether bonds should be issued, and how many, when the Department of Veterans Affairs requests it, supports the request with a statement of plans and projects, and the Governor approves.

While the bonds under this article remain outstanding, the Secretary of Veterans Affairs must ensure an annual fiscal-year survey and operations projection is prepared by an independent public accountant, who must issue written reports and send copies to specified officials and committees. The Division of Farm and Home Purchases must reimburse the accountant from available deposited funds.

The committee may authorize the State Treasurer to sell the authorized bonds, and the Treasurer may set the sale timing.

When bonds are sold, the first money received from the sale must be redeposited in the General Obligation Bond Expense Revolving Fund, and those sums may be reused and repaid in the same way when later bond sales occur.

This article may be cited as the Veterans Bond Act of 1971.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article, except as otherwise provided here.

This section defines key terms used in the Veterans Bond Act of 1971 and related bond-law provisions.

The Veterans’ Finance Committee of 1943 is authorized to create state debt or liabilities for veteran farm and home aid, up to $250 million.

The State must collect enough annual revenue to pay bond principal and interest, and the responsible officers must take all necessary collection steps. Excess money in the Veterans’ Farm and Home Building Fund of 1943 must be returned to the General Fund, subject to a prior-redemption exception.

This section appropriates money from the General Fund in the State Treasury to pay bond principal and interest and to carry out Section 996.991.

The Director of Finance may authorize withdrawals from the General Fund for this article, and withdrawn amounts must be deposited into the Veterans’ Farm and Home Building Fund of 1943.

The Veterans’ Finance Committee of 1943 decides whether bonds may be issued under this article, after a request from the Department of Veterans Affairs is supported by a statement of its plans and projects and approved by the Governor.

While the bonds are outstanding, the Secretary of Veterans Affairs must arrange a yearly fiscal survey and operations projection, prepared by an independent public accountant, and the accountant must send written report copies to specified officials and committees. The Division of Farm and Home Purchases must reimburse the accountant from available funds on deposit with the State Treasurer.

The committee may authorize the State Treasurer to sell the authorized bonds, and the Treasurer sets the timing of the sales.

When bonds are sold, money from the first sale proceeds must be redeposited into the General Obligation Bond Expense Revolving Fund for the specified purposes.

This section says the article may be cited as the Veterans Bond Act of 1974.

This section adopts the State General Obligation Bond Law for this article’s bond issuance, sale, and repayment provisions.

This section defines key terms used in the Veterans Bond Act article.

The Veterans’ Finance Committee of 1943 is authorized to create state debt or liabilities up to $350 million to fund farm and home aid for veterans.

The state must collect enough revenue each year to pay bond principal and interest, and officers responsible for revenue collection must take all necessary steps to collect that amount.

The General Fund in the State Treasury is appropriated for this article, including annual amounts needed to pay bond principal and interest and amounts needed to carry out Section 997.007.

The Director of Finance may authorize withdrawals from the General Fund for this article, up to the amount of unsold authorized bonds, and the board must repay those moneys to the General Fund with interest.

The Veterans’ Finance Committee of 1943 must decide whether bonds may be issued, and how many, when the Department of Veterans Affairs requests it and the Governor approves.

When the bonds remain outstanding, the Secretary of Veterans Affairs must arrange an annual fiscal-year-end survey of the Division of Farm and Home Purchases’ financial condition and operations, done by an independent public accountant.

The committee may authorize the State Treasurer to sell some or all of the authorized bonds, and the Treasurer may set the sale timing.

When bonds are sold, money received from the sale must be redeposited into the General Obligation Bond Expense Revolving Fund in the amounts previously spent for the purposes named in Government Code Section 16724.5.

This article may be cited as the Veterans Bond Act of 1976.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article, except where this section says otherwise.

This section defines key terms used in the article and related bond law.

The Veterans’ Finance Committee of 1943 is authorized to create up to $500 million in State of California debt or liabilities for farm and home aid for veterans.

The section says the bonds are valid general obligations of California, and state officers responsible for revenue collection must take the steps needed to collect enough money each year to pay principal and interest.

Funds are appropriated from the General Fund in the State Treasury for this article, including amounts needed for bond principal and interest and for Section 998.007.

The Director of Finance may authorize withdrawals from the General Fund for this article, up to the amount of unsold bonds, and the withdrawn money must be deposited in the Veterans’ Farm and Home Building Fund of 1943.

The Veterans’ Finance Committee of 1943 must decide whether bond issuance is necessary or desirable when the Department of Veterans Affairs requests it, with the Governor’s approval.

While the specified bonds are outstanding, the Secretary of Veterans Affairs must arrange an annual fiscal-year-end survey and operations projection for the Division of Farm and Home Purchases, prepared by an independent public accountant.

The committee may authorize the State Treasurer to sell some or all of the authorized bonds, and the Treasurer sets the timing.

When bonds are sold, certain sums must be redeposited into the General Obligation Bond Expense Revolving Fund from the first money realized.

This article may be cited as the Veterans Bond Act of 1978.

This section adopts the State General Obligation Bond Law for these veterans bond provisions, except where this section says otherwise.

This section defines key terms used in the Veterans Bond Act article and related bond-law references.

The Veterans’ Finance Committee of 1943 is authorized to create state debt or liabilities up to $500 million to fund farm and home aid for veterans.

California must collect annual sums for bond payments and return specified Veterans’ Farm and Home Building Fund money to the General Fund when bond principal and interest are due.

The section appropriates money from the General Fund in the State Treasury to pay veterans bond principal and interest, and to carry out Section 998.027.

The Director of Finance may authorize General Fund withdrawals for this article, up to the amount of unsold authorized bonds, and withdrawn money must be deposited into the Veterans’ Farm and Home Building Fund of 1943.

When the Department of Veterans Affairs requests it and the Governor approves, the Veterans’ Finance Committee of 1943 must decide whether bonds should be issued and, if so, how many.

While the authorized bonds are outstanding, the Secretary of Veterans Affairs must arrange a yearly fiscal-year-end survey of the Division of Farm and Home Purchases, have it done by an independent public accountant, require written reports, and the division must reimburse the accountant if funds are available.

The committee may authorize the State Treasurer to sell some or all of the authorized bonds, and the Treasurer sets the timing for the sale.

When bonds are sold, certain amounts must be redeposited into the General Obligation Bond Expense Revolving Fund.

This article may be cited as the Veterans Bond Act of 1980.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article.

This section defines key terms used in the article and related bond law.

The Veterans’ Finance Committee of 1943 is authorized to create state debt or liabilities up to $750 million for farm and home aid for veterans.

The section says the bonds are binding obligations of California, backed by the state’s full faith and credit, and requires annual collections and fund transfers to pay bond principal and interest.

Money is appropriated from the General Fund to pay bond principal and interest and to carry out Section 998.047.

The Director of Finance may authorize withdrawals from the General Fund for this article, and the board must return the money to the General Fund with interest from bond-sale proceeds.

When the Department of Veterans Affairs requests it, supports the request with plans and projects, and the Governor approves, the Veterans’ Finance Committee of 1943 must decide whether bonds should be issued and, if so, how many.

When the bonds under this article are still outstanding, the Secretary of Veterans Affairs must ensure an annual survey and projection is prepared, the accountant must send copies of the written report to listed recipients, and the Division of Farm and Home Purchases must reimburse the accountant.

The committee may authorize the State Treasurer to sell all or part of the bonds, and the Treasurer sets the timing for those sales.

When bonds are sold, money from the first sale proceeds must be redeposited into the General Obligation Bond Expense Revolving Fund for the same purposes described in Government Code Section 16724.5.

This article may be cited as the Veterans Bond Act of 1982.

This section adopts the State General Obligation Bond Law for the bond issuance, sale, repayment, and related matters covered by this article, unless this article provides otherwise.

This section defines key terms used in the Veterans Bond Act article and related bond-law context.

The Veterans’ Finance Committee of 1943 is authorized to create State debt or liabilities up to $450 million to fund farm and home aid for veterans.

The section says these bonds are valid state obligations, requires annual collection of enough revenue to pay principal and interest, and directs certain officers to take the needed collection steps.

Money is appropriated from the General Fund in the State Treasury to pay bond principal and interest, and to carry out Section 998.058.

The Director of Finance may authorize withdrawals from the General Fund for this article, limited to the amount of unsold authorized bonds, and the board must repay any money made available under the article with interest.

The Veterans’ Finance Committee of 1943 must decide whether bonds should be issued, and how many, when the Department of Veterans Affairs requests it, submits a supporting statement, and the Governor approves.

The Secretary of Veterans Affairs must arrange an annual fiscal-year-end survey of the Division of Farm and Home Purchases while the authorized bonds remain outstanding, and the accountant must send the reports to listed recipients. The division must also reimburse the accountant.

The committee may authorize the State Treasurer to sell authorized bonds, including at a discount, but the discount may not exceed 6% of par value.

When bonds are sold, the first money from the sale must be redeposited into the General Obligation Bond Expense Revolving Fund for the amounts previously spent for the specified purposes.

This article may be cited as the Veterans Bond Act of 1984.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article.

This section defines key terms used in the Veterans Bond Act article.

The committee may create state debt or liabilities to fund farm and home aid for veterans, up to $650 million.

State revenue officers must collect an additional annual sum to pay principal and interest on the bonds.

Money is appropriated from the General Fund to pay bond principal and interest and to carry out Section 998.069.

The Director of Finance may authorize limited withdrawals from the General Fund for this article, and withdrawn money must be deposited into the Veterans’ Farm and Home Building Fund of 1943.

The committee must decide whether to issue authorized bonds when the board requests it and the board’s plans are approved by the Governor.

While the authorized bonds are outstanding, the Secretary of Veterans Affairs must require an annual survey and operations projection by an independent public accountant, and the Division of Farm and Home Purchases must reimburse the accountant.

The committee may authorize the Treasurer to sell the bonds, including below par value, but any discount cannot exceed 3 percent.

Money from the first bond sales must be redeposited into the General Obligation Bond Expense Revolving Fund to cover certain expenditures, and that money may later be used and repaid again in the same way when more bonds are sold.

This article may be cited as the Veterans Bond Act of 1986.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article, except where this article provides otherwise.

This section defines key terms used in the Veterans Bond Act article.

The committee may create state debt or liabilities up to $850 million to fund farm and home aid for veterans.

The section says these bonds are valid state obligations, backed by California’s full faith and credit, and directs annual collection and fund transfers to pay principal and interest.

The General Fund is appropriated for this article to cover bond principal and interest due, and to fund Section 998.080 without regard to fiscal years.

The Director of Finance may authorize certain withdrawals from the General Fund for this article, and withdrawn money must be deposited in the Veterans’ Farm and Home Building Fund of 1943 and later returned to the General Fund with interest.

The committee must decide whether to issue authorized bonds when the board requests it and the board’s plans and projects are approved by the Governor.

While the bonds under this article are outstanding, the Secretary of Veterans Affairs must require an annual independent survey of the Division of Farm and Home Purchases’ finances and operations, and the division must reimburse the accountant.

The committee may authorize the Treasurer to sell bonds, including below par value if needed, but any discount cannot exceed 3 percent.

Bond-sale proceeds must be redeposited to cover specified expenditures, and the money can be reused and repaid in the same way after later bond sales.

This section says the article may be cited as the Veterans Bond Act of 1988.

This section adopts the State General Obligation Bond Law for bonds authorized by this article.

This section defines key terms used in the Veterans Bond Act article, including “bond,” “committee,” “board,” “fund,” and “bond act.”

The committee may create State debt or liabilities up to $510 million to fund farm and home aid for veterans.

Certain state-revenue officers must collect an additional sum to pay bond principal and interest, and money from the specified veterans fund must be returned to the General Fund on the stated remittance dates.

Money is appropriated from the General Fund for this article, including amounts needed to pay bond principal and interest and to carry out Section 998.091.

The Director of Finance may authorize a withdrawal from the General Fund for this article, and the board must repay money made available under the article back to the General Fund with interest.

The board may ask for a loan for this chapter and must sign the documents needed to get and repay it.

On the board’s request, and with a Governor-approved statement of plans and projects, the committee must decide whether to issue authorized bonds and, if so, how many.

While the bonds authorized by this article are still outstanding, the Secretary of Veterans Affairs must arrange an annual survey and operations projection, and the Division of Farm and Home Purchases must pay the accountant.

The committee may authorize the Treasurer to sell bonds, including at less than par value, but any discount may not exceed 3%.

Bond-sale proceeds must first be used to redeposit certain expenditures into the General Obligation Bond Expense Revolving Fund.

Bonds issued and sold under this chapter may be refunded with refunding bonds, and voter approval for bonds also covers refunding bonds.

This section says Article 5u may be cited as the Veterans’ Bond Act of 1990.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article and designates the Department of Veterans Affairs as the board for that law’s purposes.

This section defines key terms used in the Veterans’ Bond Act of 1990.

The committee may create State debt or liabilities up to $400 million to fund farm and home aid for veterans, excluding refunding bonds.

Bonds authorized by this article are binding obligations of the State of California, and state officers collecting revenue must collect enough money each year to pay principal and interest.

Money is appropriated from the General Fund for this article, including amounts needed to pay bond principal and interest and to carry out Section 998.104.

The Director of Finance may authorize certain withdrawals from the General Fund for this article, and the board must return the money to the General Fund with interest.

The board may ask the Pooled Money Investment Board for a loan, and the board must sign any documents needed to obtain and repay it.

If the board requests it and provides a Governor-approved statement of its plans and projects, the committee must decide whether to issue authorized bonds and, if so, how many.

While the authorized bonds remain outstanding, the Secretary of Veterans Affairs must require an annual survey and operations projection for the Division of Farm and Home Purchases by an independent public accountant. The accountant must report the results in writing, and the division must reimburse the accountant from funds on deposit with the Treasurer.

The committee may authorize the Treasurer to sell these bonds, including at a discount, but the discount cannot exceed 3 percent of par value.

Bond-sale proceeds must first be used to redeposit specified expenditure amounts into the General Obligation Bond Expense Revolving Fund; those funds may then be used again for the same purpose and repaid when more bond sales occur.

Bonds issued and sold under this article may be refunded under a specified Government Code article, and voter approval for issuing bonds also covers refunding bonds.

If bond counsel says the bond interest is federally tax-exempt, the Treasurer may create separate accounts and use bond proceeds or earnings for required federal payments or other federally permitted actions needed to preserve tax-exempt status or gain another federal tax advantage.

Bond proceeds authorized by this article are not treated as tax proceeds, so disbursements of those proceeds are not subject to Article XIII B limits.

This section says the article may be cited as the Veterans’ Bond Act of 1996.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article, except where this article says otherwise, and designates the Department of Veterans Affairs as the board for that law.

This section defines several terms used in the Veterans’ Bond Act of 1996.

The committee may create state debt or liabilities to fund farm and home aid for veterans, up to $400 million total, excluding refunding bonds.

The section requires annual collection and transfer of money to cover bond principal and interest, and it limits how the fund may be used.

Money is appropriated from the General Fund to cover bond principal and interest and to carry out Section 998.206.

The Director of Finance may authorize limited withdrawals from the General Fund by executive order for this article, and withdrawn money must be deposited in the fund and later repaid to the General Fund with interest.

The board may request a loan from the Pooled Money Investment Board, but the request cannot exceed the amount of unsold bonds authorized for this article.

On the board’s request, and with a Governor-approved plan statement, the committee decides whether to issue authorized bonds and how many to issue and sell.

While the covered bonds are outstanding, the Secretary of Veterans Affairs must require an annual independent survey and projection about the Division of Farm and Home Purchases, and the division must reimburse the accountant for that work.

The committee may authorize the Treasurer to sell the bonds, including at less than par value, but any discount cannot exceed 3 percent.

Money from the first bond sales must be redeposited into the General Obligation Bond Expense Revolving Fund to cover specified expenditures, and that money may later be reused and repaid the same way when more bonds are sold.

Bonds issued and sold under this article may be refunded under the referenced Government Code article.

If bond counsel says the bond interest is federally tax-excludable, the Treasurer may set up separate accounts for bond proceeds and earnings and use them for federal tax-related payments or other federal-law-required or permitted actions.

The section says bond sale proceeds under this article are not “proceeds of taxes,” so their disbursement is not subject to Article XIII B limits.

Certain bonds issued under specified Veterans Bond Acts may be refunded under a Government Code procedure, despite the first sentence of Section 16786.

This article may be cited as the Veterans’ Bond Act of 2000.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article and designates the Department of Veterans Affairs as the board for that law.

This section defines key terms used in the Veterans’ Bond Act of 2000.

The committee may create State of California debt or liabilities up to $500 million, excluding refunding bonds, to fund farm and home aid for veterans.

State bond proceeds must be treated as binding general obligations, with annual collections used to pay principal and interest, and remaining money returned to the General Fund.

Money is appropriated from the General Fund to pay bond principal and interest for this article, and to carry out Section 998.306.

The Director of Finance may authorize a withdrawal from the General Fund for this article, up to the amount of unsold bonds authorized for sale. Withdrawn money must be deposited in the fund, and money made available to the board must be returned to the General Fund with interest.

The board may ask for a loan from the Pooled Money Investment Board, but the request cannot exceed the amount of unsold bonds authorized by resolution. The board must sign the documents needed to get and repay the loan, and loaned amounts must be deposited in the fund for allocation under this article.

The committee must decide whether to issue authorized bonds, and if so how many, when the board requests it and the request is backed by a Governor-approved plan.

While the bonds are outstanding, the Secretary of Veterans Affairs must arrange an annual survey of the Division of Farm and Home Purchases’ finances and operations by an independent public accountant.

The committee may authorize the Treasurer to sell the bonds, including below par value when needed for an effective sale, but the discount cannot exceed 3 percent.

Bond-sale proceeds must first cover specified expenditures and be redeposited into the General Obligation Bond Expense Revolving Fund; later bond sales can replenish and reuse the money for the same purpose.

Bonds issued under this article may be refunded under the referenced Government Code article, and voter approval for issuing the bonds also covers refunding bonds.

If the bond conditions are met, the Treasurer may create separate accounts and use bond proceeds or earnings to make required federal payments or other actions needed to preserve tax treatment.

The Legislature declares that bond-sale proceeds under this article are not “proceeds of taxes,” and their disbursement is not subject to Article XIII B limits.

Bonds issued and sold under the 1982 and 1984 Veterans Bond Acts may be refunded under the specified Government Code procedure, despite the first sentence of Section 16786.

This section says Article 5x may be cited as the Veterans’ Bond Act of 2008.

This section adopts the State General Obligation Bond Law for the bonds authorized by this article and designates the Department of Veterans Affairs as the board for that law.

This section defines several terms used in the Veterans’ Bond Act of 2008.

The committee may create state debt or liabilities to fund farm and home aid for veterans, up to $300 million, excluding refunding bonds.

The section makes these bonds general obligations of California, requires annual collection of money to pay principal and interest, and directs transfers of available funds for debt service.

The General Fund is appropriated to pay bond principal and interest when due, and to carry out Section 998.406.

The Director of Finance may authorize a withdrawal from the General Fund for this article, and the withdrawn money must be deposited in the fund and later repaid to the General Fund with interest.

The board may ask the Pooled Money Investment Board for a loan, but the request cannot exceed the amount of unsold bonds authorized for sale for this article, and the board must sign whatever documents are needed to obtain and repay the loan.

When the board requests it and provides a Governor-approved statement of its plans, the committee must decide whether to issue bonds under this article and, if so, how many.

While bonds issued under this article are outstanding, the Secretary of Veterans Affairs must require an annual fiscal-year-end survey and projection, the accountant must report the results in writing, and the Division of Farm and Home Purchases must reimburse the accountant.

The committee may authorize the Treasurer to sell authorized bonds, including below par value when necessary, but any discount must not exceed 3% of par.

Bond-sale proceeds must be redeposited in the General Obligation Bond Expense Revolving Fund for specified expenditures, and the money may be used and repaid in the same manner when more bond sales occur.

Bonds issued and sold under this article may be refunded under the referenced Government Code article.

The Treasurer may set up separate accounts and use bond proceeds or earnings for federal tax-related payments or other actions needed to preserve the bonds’ tax-exempt status or secure another federal tax advantage.

The Legislature states that bond-sale proceeds under this article are not tax proceeds, so their disbursement is not subject to Article XIII B limits.

This article is named the Veterans Housing and Homeless Prevention Bond Act of 2014 and may be cited by that name.

The Legislature must advance a coordinated, cost-effective approach to veterans’ housing needs.

This section adopts the State General Obligation Bond Law for bonds issued under this article and designates the Department of Veterans Affairs as the board for those purposes.

This section defines key terms used in the Veterans Housing and Homeless Prevention Bond Act of 2014.

This section authorizes bond issuance for veterans housing and requires the bond proceeds to be made available to the board and deposited in the Housing for Veterans Fund.

The bonds authorized by this article must be handled under the State General Obligation Bond Law, except for subdivisions (a) and (b) of Section 16727.

The committee must decide whether bonds should be issued for the article’s purposes and, if so, how many bonds should be issued and sold.

Each year, an additional sum must be collected to pay the bonds’ principal and interest, and revenue-collection officers must do whatever is necessary to collect it.

This section appropriates money from the General Fund to pay bond principal and interest and to carry out Section 998.551.

The Director of Finance may authorize withdrawals from the General Fund to carry out this article, up to the amount of unsold bonds authorized for sale.

Money in the fund from bond premium and accrued interest must be kept in the fund and may be transferred to the General Fund as a credit for bond interest expenditures, except for any premium already used to pay bond issuance costs.

Bond issuance costs may be paid from bond proceeds, including any premium from bond sales, and those costs must be shared proportionally by each program funded by the bond act.

The board may ask for a loan or interim financing for this article, but the request cannot exceed the amount of unsold bonds authorized for sale. If it does so, the board must sign the documents needed to get and repay the loan.