California § 1003.12. 1003.12. (Added by Stats. 1970, Ch. 1488.)

California Statutes

§ 1003.12. — 1003.12. (Added by Stats. 1970, Ch. 1488.)

California·Code MVC Military and Veterans Code - MVC·Div. 4. DIVISION 4. VETERANS' AID AND WELFARE·Ch. 7. CHAPTER 7. Veterans’ Revenue Debenture Act of 1970·Art. 4. ARTICLE 4. Appropriation, Security, Sale, and Funds

The State Controller is hereby authorized to make all necessary orders to provide for the establishment of special funds and accounts authorized by any resolution of issuance and for the transfer of moneys from the Veterans’ Debenture Revenue Fund into such account. Such transfer shall be made by the State Treasurer without further action on the part of the department. Neither the department nor the State of California nor any officer thereof shall have or exercise any rights with respect to the moneys in any of such funds or accounts so established save only in trust for the direct benefit of the holders of debentures.

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The State Controller is hereby authorized to make all necessary orders to provide for the establishment of special funds and accounts authorized by any resolution of issuance and for the transfer of moneys from the Veterans’ Debenture Revenue Fund into such account. Such transfer shall be made by the State Treasurer without further action on the part of the department. Neither the department nor the State of California nor any officer thereof shall have or exercise any rights with respect to the moneys in any of such funds or accounts so established save only in trust for the direct benefit of the holders of debentures.

California § 1003.12. (1003.12. (Added by Stats. 1970, Ch. 1488.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.