Statute · California Military and Veterans Code
Cal. Mil. & Vet. Code § 1003.3 — Appropriation, Security, Sale, and Funds
Cal. Mil. & Vet. Code § 1003.3
- Type
- Statute
- Source
- California Military and Veterans Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable, enter into a new contract covering the same or similar property and shall substitute the new contract in lieu of the pledged contract so…
Citator
Cal. Mil. & Vet. Code § 1003.3 — Appropriation, Security, Sale, and Funds is in force in the current edition of the Code, and nothing recorded condemns it.
In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable, enter into a new contract covering the same or similar property and shall substitute the new contract in lieu of the pledged contract so canceled or terminated. The income and receipts of the substituted contract shall be pledged in their entirety to the payment of the debentures.