Section 485.1 Of Article 4. Appropriation, Security, Sale And Funds From California Military And Veterans Code >> Division 2. >> Part 1. >> Chapter 10. >> Article 4.
485.1
. There is hereby created in the California National Guard
Members' Farm and Home Building Fund of 1978, a special account known
as the National Guard Members' Revenue Bond Revenue Account. All
revenues shall be deposited in the National Guard Members' Revenue
Bond Revenue Account. All moneys deposited in the National Guard
Members' Revenue Bond Revenue Account 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 National
Guard Members' Revenue Bond Revenue Account shall be segregated and
applied as provided in the resolution of issuance. The resolution of
issuance may provide for the creation of any other funds or accounts
which will be deemed necessary or desirable for the payment of or
further security of revenue bonds. The resolution of issuance
establishing such fund or accounts may provide for the manner and
method of disbursement of such funds or accounts, the amounts to be
deposited therewith and withdrawn therefrom, the application of any
surplus moneys in any such funds or accounts to the purchase or
redemption of revenue bonds and for the investment of moneys in such
funds or accounts in particular bonds or obligations which are then
made eligible for such investments by the terms of such resolution.