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

California Statutes

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

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

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.

California § 1003.3. (1003.3. (Amended by Stats. 1978, Ch. 1243.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.