California · Military and Veterans Code - MVC

MVC §483.1: A resolution of issuance may include provisions requiring, specifying, or limiting the kind, amount, and character of insurance to be maintained by the department on any property under the jurisdictio

What this law says, in plain English

A resolution authorizing bond issuance may require the department to maintain specified types and amounts of insurance on property it controls.

Read the full statutory text
A resolution of issuance may include provisions requiring, specifying, or limiting the kind, amount, and character of insurance to be maintained by the department on any property under the jurisdiction of the department and the use and disposition of the proceeds of any such insurance thereafter collected.

Verify at the official source: California legislative text

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