Section 1001.2 Of Article 2. Authorization And Issuance Of Debentures From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 2.
1001.2
. Whenever the department determines that debentures should
be issued, it shall adopt a resolution of issuance, which shall be
executed for the department by the Director of Veterans Affairs. Each
resolution of issuance so adopted by the department shall be
submitted to the Veterans' Debenture Finance Committee, which shall
consider and approve or disapprove any resolution of issuance so
submitted. Upon such approval, by a resolution adopted by a majority
of the members of the Veterans' Debenture Finance Committee, the
resolution of issuance shall become effective and the State Treasurer
shall cause the debentures authorized thereunder to be prepared in
accordance with the terms of the resolution of issuance.