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California Law (Last Updated: March 4, 2014) |
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Military and Veterans Code - MVC |
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Division 2. THE MILITARY FORCES OF THE STATE |
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Part 1. THE STATE MILITIA |
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Chapter 10. California National Guard Members’ Revenue Bond Act of 1978 |
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ARTICLE 2. Authorization and Issuance of Bonds |
Section 481.1.
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Whenever the department determines that revenue bonds should be issued, it shall adopt a resolution of issuance, which shall be executed for the department by the Commanding General of the California National Guard. Each resolution of issuance so adopted by the department shall be submitted to the California National Guard Finance Committee which shall consider and approve or disapprove any resolution of issuance so submitted. Upon such approval, by a resolution adopted by a majority of the members of the California National Guard Finance Committee, the resolution of issuance shall become effective and the State Treasurer shall cause the revenue bonds authorized thereunder to be prepared in accordance with the terms of the resolution of issuance.