Section 988.7 Of Article 3.5. Funds From California Military And Veterans Code >> Division 4. >> Chapter 6. >> Article 3.5.
988.7
. (a) (1) Notwithstanding any other law, all moneys in the
California National Guard Members' Farm and Home Building Fund of
1978 and any other account created in that fund, including, but not
limited to, the National Guard Members' Revenue Bond Revenue Account,
that are not needed to meet revenue bond obligations shall be
deposited into the Veterans' Farm and Home Building Fund of 1943
within 30 days after the effective date of this section.
(2) Notwithstanding any other law, on and after the effective date
of this section, any revenues that would have otherwise been
required to be deposited into the National Guard Members' Revenue
Bond Revenue Account pursuant to Section 485.1, the California
National Guard Members' Farm and Home Building Fund of 1978, or any
other account in that fund, shall be deposited into the Veterans'
Farm and Home Building Fund of 1943.
(b) Notwithstanding Section 13340 of the Government Code, all
moneys deposited into the Veterans' Farm and Home Building Fund of
1943 pursuant to subdivision (a) are hereby continuously
appropriated, without regard to fiscal year, to the department, and
may be used by the department to make shared equity cooperative
housing loans.