Mil. & Vet. Code, § 483.4 · Article 3. Provisions of Resolution of Issuance and Supplemental Resolutions
Mil. & Vet. Code, § 483.4
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A resolution of issuance may include provisions establishing the amount and terms of purchase contracts to be held in trust in relation to the revenue bonds that are outstanding, including the setting of both maximum and minimum required levels in terms of percentages or otherwise, and such provisions may also:
(a) Prescribe the method for setting the value of any outstanding purchase contracts;
(b) Continue authorization for the department to withdraw purchase contracts or other assets in excess of the maximum required level; and
(c) Permit substitution of purchase contracts or other security under appropriate limitations.
Notes and commentary — not statutory text
History
Added by Stats. 1978, Ch. 1274.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=MVC§ionNum=483.4.
- Text hash
- sha256 8f6b5bcb6e5f95d4a74014e5894e0f70fc3ca6fff5d83a6cdaf4da358b5ffa24
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.