Section 1003.13 Of Article 4. Appropriation, Security, Sale, And Funds From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 4.
1003.13
. Prior to the issuance of any debentures the department is
authorized to deposit in any reserve fund created for the further
security of the debentures, as the initial deposit therein, cash or
securities equal to the minimum amounts required to be maintained
therein by any resolution of issuance. Excess money in the reserve
fund or account not required to be maintained therein by the
provisions of any resolution of issuance may be withdrawn at the
request of the department and transferred to the Veterans' Farm and
Home Building Fund of 1970 and used and applied for the purpose of
carrying out the Veterans' Farm and Home Purchase Act of 1974.