California Military and Veterans Code

§ 998.609

MVC § 998.609Div. 4 · Ch. 6 · Art. 5z

Statute text

(a)As long as any bonds authorized under this article are outstanding, the Secretary of Veterans Affairs shall, at the close of each fiscal year, require a survey of the financial condition of the Division of Farm and Home Purchases, together with a projection of the division’s operations, to be made by an independent public accountant of recognized standing. The results of each survey and projection shall be reported in writing by the public accountant to the Secretary of Veterans Affairs, the California Veterans Board, the appropriate policy committees dealing with veterans affairs in the Senate and the Assembly, and the committee.

(b)The Division of Farm and Home Purchases shall reimburse the public accountant for these services out of any money that the division may have available on deposit with the Treasurer.

Legislative history

Added by Stats. 2017, Ch. 365, Sec. 4. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.