The department may provide in the proceedings authorizing issuance of debentures for the establishment of one or more reserve funds out of the proceeds of the sale of the debentures or out of revenues or out of any moneys or securities available to the department under this act, and may provide for the use and application of any surplus moneys in any such reserve fund.
Cal. Mil. & Vet. Code § 1006.7
Miscellaneous
Known as the Veterans’ Revenue Debenture Act
The act spans §§ 1000–1006 (79 sections).
Added by Stats. 1970, Ch. 1488.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.