California Law (Last Updated: March 4, 2014) |
Military and Veterans Code - MVC |
Division 4. VETERANS' AID AND WELFARE |
Chapter 6. State Benefits for Veterans |
ARTICLE 3.1. Veterans’ Farm and Home Purchase Act of 1974 |
Section 987.61.
Latest version.
-
The department may purchase property, subject to a participation contract providing for a loan term of not less than 23 years. The purchase price plus the participation contract shall not exceed the maximum purchase prices available under this article.
(Amended by Stats. 1994, Ch. 372, Sec. 5. Effective January 1, 1995.)