§ 1105 Veterans’ Home Bond Proceeds

Military and Veterans Code·California

AI SummaryVerified

This law says that any money the state gets from selling bonds must be put into the Veterans' Home Fund in the State Treasury.

Key Takeaways

•Money from bonds goes straight to the State Treasury.
•That money is specifically credited to the Veterans' Home Fund.
•The fund was created by another law (Section 1103).
•The rule was added in 1999 and approved by voters in 2000.

Example

The state sells a $10 million bond to raise money for a new veterans' home.

All $10 million from the bond sale is sent to the State Treasury and recorded as money for the Veterans' Home Fund, not used for anything else.

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

Official Source

View on CA.gov

§ 1105 Veterans’ Home Bond Proceeds

The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the State Treasury to the credit of the Veterans’ Home Fund, created by Section 1103. (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

bonds Veterans’ Home Fund State Treasury Section 1103

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 1105.

Key Takeaways

Example

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Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References