Cal. Mil. & Vet. Code § 491.2

Current through the 2023 Legislative Session.
Section 491.2 - Authority to borrow

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.

Ca. Mil. and Vet. Code § 491.2

Added by Stats. 1978, Ch. 1274.