California § 483.4. 483.4. (Added by Stats. 1978, Ch. 1274.)

California Statutes

§ 483.4. — 483.4. (Added by Stats. 1978, Ch. 1274.)

California § 483.4.

JurisdictionCalifornia

Code MVCMilitary and Veterans Code - MVC

Div. 2.DIVISION 2. THE MILITARY FORCES OF THE STATE

Part 1.PART 1. THE STATE MILITIA

Ch. 10.CHAPTER 10. California National Guard Members’ Revenue Bond Act of 1978

Art. 3.ARTICLE 3. Provisions of Resolution of Issuance and Supplemental Resolutions

This text of California § 483.4. (483.4. (Added by Stats. 1978, Ch. 1274.)) 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 § 483.4. (2026).

Text

A resolution of issuance may include provisions establishing the amount and terms of purchase contracts to be held in trust in relation to the revenue bonds that are outstanding, including the setting of both maximum and minimum required levels in terms of percentages or otherwise, and such provisions may also:

(a)Prescribe the method for setting the value of any outstanding purchase contracts;

(b)Continue authorization for the department to withdraw purchase contracts or other assets in excess of the maximum required level; and

(c)Permit substitution of purchase contracts or other security under appropriate limitations.

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A resolution of issuance may include provisions establishing the amount and terms of purchase contracts to be held in trust in relation to the revenue bonds that are outstanding, including the setting of both maximum and minimum required levels in terms of percentages or otherwise, and such provisions may also:
(a)
Prescribe the method for setting the value of any outstanding purchase contracts;
(b)
Continue authorization for the department to withdraw purchase contracts or other assets in excess of the maximum required level; and
(c)
Permit substitution of purchase contracts or other security under appropriate limitations.