§ 491.2. — 491.2. (Added by Stats. 1978, Ch. 1274.)

California § 491.2.

• Jurisdiction: California
• Code MVC: Military 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

Text

For the purposes of meeting the necessary expenses of initial organization and operation until such date as the department derives revenues or proceeds from bonds or notes as provided under this chapter, the department may, with the approval of the Department of Finance, borrow money as needed from the General Fund in the State Treasury. Such borrowed moneys shall be repaid with interest from the first proceeds from the sale of bonds or notes as provided under this chapter.

Legislative History

Added by Stats. 1978, Ch. 1274.