Section 980.5 Of Article 1. Veterans From California Military And Veterans Code >> Division 4. >> Chapter 6. >> Article 1.
980.5
. In the event of any conflict between any provision of this
chapter and the federal Mortgage Subsidy Bond Tax Act of 1980 (P.L.
96-499; 94 Stat. 2660), including any amendment thereto and any
regulation issued thereunder, the department shall comply with that
federal law or regulation and any other federal law or regulation to
the extent necessary to maintain the tax-exempt status of any issue
of general obligation or revenue bonds.
Any prior action of the department to effect that compliance is
hereby confirmed and ratified, it having been at all times the intent
of the Legislature that the tax-exempt status of those bonds be
maintained.