Section 1003.11 Of Article 4. Appropriation, Security, Sale, And Funds From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 4.
1003.11
. There is in the State Treasury a special fund known as the
Veterans' Debenture Revenue Fund. All revenues shall be deposited in
the Veterans' Debenture Revenue Fund. All moneys deposited in the
Veterans' Debenture Revenue Fund shall be allocated and applied by
the State Treasurer only as provided in the appropriate resolution of
issuance of the department and separate and apart from all other
moneys in the State Treasury. The moneys deposited in the Veterans'
Debenture Revenue Fund shall be segregated and applied as provided in
the resolution of issuance. The resolution of issuance may provide
for the creation of the Veterans' Debenture Interest Fund Account,
Veterans' Debenture Principal Fund Account, Veterans' Debenture
Sinking Fund, Veterans' Debenture Reserve Fund Account and also any
other funds or accounts which will be deemed necessary or desirable
for the payment of or further security of debentures. The resolution
of issuance establishing such funds may provide for the manner and
method of disbursement of such funds, the amounts to be deposited
therewith and withdrawn therefrom, the application of any surplus
moneys in any such funds to the purchase or redemption of debentures
and for the investment of moneys in such funds in particular bonds or
obligations which are then made eligible for such investments by the
terms of such resolution.