§ 1103 Veterans’ Home Bond Proceeds

Military and Veterans Code·California

AI SummaryVerified

This law says that any money the state gets from selling bonds for this chapter must go into a special Veterans' Home Fund in the state treasury.

Key Takeaways

•Money from bonds goes into a dedicated fund.
•The fund is called the Veterans' Home Fund.
•The fund is kept in the State Treasury.
•The purpose is to support veterans' home projects.

Example

The state decides to raise money by selling bonds to build a new veterans' home.

All the cash the state receives from those bond sales is put straight into the Veterans' Home Fund, so the money is set aside just for the veterans' home project.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 1103 Veterans’ Home Bond Proceeds

The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the Veterans’ Home Fund, which is hereby created in the State Treasury. (Added by Stats. 1999, Ch. 728, Sec. 2. Approved in Proposition 16 at the March 7, 2000, election.)

Last verified: January 11, 2026

Key Terms

Veterans’ Home Fund State Treasury Proposition 16

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 1103.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References