California § 490.5. 490.5. (Added by Stats. 1978, Ch. 1274.)

California Statutes

§ 490.5. — 490.5. (Added by Stats. 1978, Ch. 1274.)

California § 490.5.

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. 8.ARTICLE 8. Miscellaneous

This text of California § 490.5. (490.5. (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 § 490.5. (2026).

Text

The department may include in the proceedings authorizing the issuance of revenue bonds any provisions not inconsistent with this chapter which limit, restrict, or regulate the holding, deposit, investment, and application of money consisting of the proceeds from the sale of the revenue bonds or the revenues or other income received from the pledged contracts entered into by the department with California National Guard members, and such provisions shall constitute a contract with the holders of the revenue bonds and shall be binding upon the department and all other officers, officials, and agencies of the State of California and upon the state so long as any of the revenue bonds are outstanding.

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The department may include in the proceedings authorizing the issuance of revenue bonds any provisions not inconsistent with this chapter which limit, restrict, or regulate the holding, deposit, investment, and application of money consisting of the proceeds from the sale of the revenue bonds or the revenues or other income received from the pledged contracts entered into by the department with California National Guard members, and such provisions shall constitute a contract with the holders of the revenue bonds and shall be binding upon the department and all other officers, officials, and agencies of the State of California and upon the state so long as any of the revenue bonds are outstanding.