California · Military and Veterans Code - MVC

MVC §1002.21: A resolution of issuance may provide that the debentures issued thereunder and the interest thereon shall be secured by all or part of the revenues, and may establish a lien upon the revenues as the d

What this law says, in plain English

A resolution authorizing debenture issuance may secure the debentures and interest through revenues and establish a lien on those revenues.

Read the full statutory text

A resolution of issuance may provide that the debentures issued thereunder and the interest thereon shall be secured by all or part of the revenues, and may establish a lien upon the revenues as the department, with the approval of the Veterans’ Debenture Finance Committee, shall determine.

Verify at the official source: California legislative text

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