California · Military and Veterans Code - MVC

MVC §481: Revenue bonds may be issued by the department at such times and in such amounts as do not exceed seventy-five million dollars ($75,000,000) for home loans, fifteen million dollars ($15,000,000) for fa

What this law says, in plain English

The department may issue revenue bonds up to $75 million for home loans and $15 million for other purposes, as authorized by law.

Read the full statutory text

Revenue bonds may be issued by the department at such times and in such amounts as do not exceed seventy-five million dollars ($75,000,000) for home loans, fifteen million dollars ($15,000,000) for farm loans, and ten million dollars ($10,000,000) for mobilehome loans as the department, with the approval of the California National Guard Finance Committee, may determine.

Verify at the official source: California legislative text

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