California Military and Veterans Code 996.981 – Whenever bonds are sold, out of the first money realized from their …
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Whenever bonds are sold, out of the first money realized from their sale, there shall be redeposited in the General Obligation Bond Expense Revolving Fund established by § 16724.5 of the Government Code such sums as have been expended for the purposes specified in § 16724.5 of the Government Code, which may be used for the same purpose and repaid in the same manner whenever additional sales are made.
(Added by Stats. 1967, Ch. 1572. Approved in Proposition 1 at the June 4, 1968, election.)
Terms Used In California Military and Veterans Code 996.981
- Bond: means veterans bond, a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law. See California Military and Veterans Code 996.973
- Fund: means the Veterans Farm and Home Building Fund of 1943 created by §. See California Military and Veterans Code 996.973
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.