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HomeMilitary and Veterans CodeDiv. 5Ch. 2Art. 3§ 1113 Veterans Affairs Loan Requests

§ 1113 Veterans Affairs Loan Requests

Military and Veterans Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1113 Veterans Affairs Loan Requests

This law lets the Department of Veterans Affairs ask a special board for a loan from a pooled investment account, but only up to the amount of unsold bonds the board has approved, and the VA must sign paperwork and pay the money back.

Key Takeaways

  • •The VA can request a loan from the Pooled Money Investment Account.
  • •The loan can’t be larger than the amount of unsold bonds the board has authorized for the project.
  • •The VA must sign any required documents and repay the loan, with the money going into a specific fund.

Example

The VA wants to build a new veterans' clinic and needs extra cash. It asks the Pooled Money Investment Board for a loan from the investment account.

The board can give the VA a loan as long as the loan isn’t bigger than the unsold bonds the board has already approved for this project. The VA signs the needed papers, uses the loan money to fund the clinic, and later repays the loan, putting the money back into the designated fund.

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

Official Source
View on CA.gov

§ 1113 Veterans Affairs Loan Requests

The Department of Veterans Affairs may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account in accordance with Section 16312 of the Government Code for the purposes of carrying out this chapter. The amount of the request shall not exceed the amount of the unsold bonds that the committee, by resolution, has authorized to be sold for the purpose of carrying out this chapter. The department shall execute any documents required by the Pooled Money Investment Board to obtain and repay the loan. Any amounts loaned shall be deposited in the fund to be allocated by the department in accordance with this chapter. (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

Department of Veterans AffairsPooled Money Investment Boardunsold bondsloanfund

Related Statutes

  • § 998.092 Board Loan Authorization Process
  • § 998.105 Bond Loan Authorization Process
  • § 998.207 Bond Loan Authorization Process
  • § 998.307 Bond Loan Authorization Process
  • § 998.407 Bond Loan Authorization Process

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Military and Veterans Code. Section 1113.
View Official Source