California § 1003.3. 1003.3. (Amended by Stats. 1978, Ch. 1243.)

California Statutes

§ 1003.3. — 1003.3. (Amended by Stats. 1978, Ch. 1243.)

California § 1003.3.

JurisdictionCalifornia

Code MVCMilitary 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

This text of California § 1003.3. (1003.3. (Amended by Stats. 1978, Ch. 1243.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Military and Veterans Code - MVC Code § 1003.3. (2026).

Text

In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable, enter into a new contract covering the same or similar property and shall substitute the new contract in lieu of the pledged contract so canceled or terminated. The income and receipts of the substituted contract shall be pledged in their entirety to the payment of the debentures.

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In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable, enter into a new contract covering the same or similar property and shall substitute the new contract in lieu of the pledged contract so canceled or terminated. The income and receipts of the substituted contract shall be pledged in their entirety to the payment of the debentures.