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California Military and Veterans Code

§ 989

MVC § 989 Effective Jan 1, 2010Div. 4 · Ch. 6 · Art. 3.7

Statute text

View on leginfo.ca.gov
It is the intent of the Legislature to establish the Pooled Self-Insurance Fund in order to ensure that each of the department’s insurance reserve funds are self-sufficient and adequately maintained for the benefit of the contract purchasers. For reasons of prudent financial management, the department will pool the reserves for the purpose of providing reliable, consistent, and affordable home protection, and to encourage the strengthening of bond ratings, thereby increasing the efficacy of the Veterans’ Farm and Home Purchase Act of 1974.

Legislative history

Added by Stats. 2009, Ch. 502, Sec. 1. (AB 1051) Effective January 1, 2010.

Source: California Military and Veterans Code § 989 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.