California Laws: Military and Veterans Code Sections 985-987.31
- California Laws: Military and Veterans Code Section 987.50
This article may be cited as the Veterans' Farm and Home Purchase Act of 1974. ...
- California Laws: Military and Veterans Code Section 987.51
The object of this article is to provide veterans with the opportunity to acquire farms and homes. ...
- California Laws: Military and Veterans Code Section 987.52
The provisions of this article are applicable, and the benefits conferred thereby are available, to: (a) Any veteran as defined in Section 980; (b) Any...
- California Laws: Military and Veterans Code Section 987.53
As used in this article: (a) "Farm" means a tract of land, which, in the opinion of the department, is capable of producing sufficient income...
- California Laws: Military and Veterans Code Section 987.54
The administration of the provisions of this article is vested solely in the Department of Veterans Affairs. ...
- California Laws: Military and Veterans Code Section 987.55
The department shall adopt rules and regulations in keeping with the purpose of this article to establish preferences in the granting of benefits conferred by...
- California Laws: Military and Veterans Code Section 987.56
(a) The department shall prescribe and determine the qualifications of all veterans. Any person deeming himself or herself a veteran and desiring to benefit hereunder,...
- California Laws: Military and Veterans Code Section 987.566
Whenever applications exceed the amount of funds available in any one or more of the available funding categories, the department may establish a date for...
- California Laws: Military and Veterans Code Section 987.57
(a) The department shall require that all applicants under this article qualify under applicable federal laws and regulations governing the permitted uses of tax-exempt bond...
- California Laws: Military and Veterans Code Section 987.58
(a) If a veteran dies after filing an application for purchase of a farm or a home, and the veteran's eligibility and qualifications are subsequently...
- California Laws: Military and Veterans Code Section 987.59
(a) When a veteran has been authorized by the department to select a farm or home, he or she shall submit that selection for approval,...
- California Laws: Military and Veterans Code Section 987.60
(a) The department may acquire the farm or home from its owner or may contract with a veteran for the construction of a dwelling house...
- California Laws: Military and Veterans Code Section 987.601
(a) For purposes of the construction of a dwelling house or other improvements for a farm or home or the acquisition of a farm or...
- California Laws: Military and Veterans Code Section 987.602
(a) Subject to the conditions and limitations specified in Section 987.603, the department may acquire an Indian veteran's leasehold interest in tribal trust land for...
- California Laws: Military and Veterans Code Section 987.603
The department may acquire an assignment of an Indian veteran's beneficial interest in trust land held by the United States for that veteran or a...
- California Laws: Military and Veterans Code Section 987.61
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...
- California Laws: Military and Veterans Code Section 987.62
The department, after consummating a purchase under the provisions of this article and the veteran having occupied the property as required by Section 987.60 of...
- California Laws: Military and Veterans Code Section 987.63
Notwithstanding other provisions of this article relating to the occupancy, leasing, letting, or subletting of a farm or home acquired pursuant to this article, the...
- California Laws: Military and Veterans Code Section 987.64
In the event of any conflict or difference between any provision of this article and the federal Mortgage Subsidy Bond Tax Act of 1980 (P.L....
- California Laws: Military and Veterans Code Section 987.65
(a) The purchase price of a home to the department, or the sum to be expended by the department pursuant to a contract for the...
- California Laws: Military and Veterans Code Section 987.655
For a mobilehome which is to be sited in a mobilehome park as defined in Section 18214 of the Health and Safety Code, the department...
- California Laws: Military and Veterans Code Section 987.656
A mobilehome which is purchased under this act shall not be moved from its original site to any other location, without first obtaining prior authorization...
- California Laws: Military and Veterans Code Section 987.67
(a) Before the purchase of any property by the department there shall be filed with the department (1) an appraisement of the market value of...
- California Laws: Military and Veterans Code Section 987.68
The department, before consummating a purchase under the provisions of this article, shall cause the title of the property sought to be purchased to be...
- California Laws: Military and Veterans Code Section 987.69
The department shall then enter into a contract with the veteran for the sale of the property to the veteran. The department shall fix the...
- California Laws: Military and Veterans Code Section 987.71
(a) The purchaser shall make an initial payment of at least 2 percent of the selling price of the property. The department may waive the...
- California Laws: Military and Veterans Code Section 987.72
The provisions of Section 987.71, relative to the rate of interest to be charged to veteran purchasers do not apply to assignees of such purchasers...
- California Laws: Military and Veterans Code Section 987.721
(a) Notwithstanding Section 987.72, upon the dissolution of marriage or legal separation of a veteran contract purchaser and the veteran's spouse, an assignment may be...
- California Laws: Military and Veterans Code Section 987.73
(a) Except as provided in subdivision (b), the department in each individual case may specify the terms of the contract entered into with the purchaser,...
- California Laws: Military and Veterans Code Section 987.74
(a) All properties purchased by the department shall be covered by insurance. Insurance purchased by the department shall be guaranteed replacement cost coverage as described...
- California Laws: Military and Veterans Code Section 987.75
If the purchaser fails or neglects to pay, satisfy, and discharge at maturity all taxes and assessments, and all other charges and encumbrances which are...
- California Laws: Military and Veterans Code Section 987.76
Notwithstanding Section 6157 of the Government Code, the department shall be the sole judge of all of the following: (a) The legality or validity of...
- California Laws: Military and Veterans Code Section 987.77
In the event of a failure of a purchaser to comply with any of the terms of his contract of purchase, the department may cancel...
- California Laws: Military and Veterans Code Section 987.775
Whenever the department proceeds under Section 987.77 to declare a forfeiture and to retain all payments made under the forfeited contract as rental paid for...
- California Laws: Military and Veterans Code Section 987.78
(a) In the event of a forfeiture of a contract of purchase under this article, the department may sell or otherwise dispose of the property...
- California Laws: Military and Veterans Code Section 987.785
Whenever the department cancels a contract and takes possession of a property pursuant to Section 987.77 and elects to sell the property covered by a...
- California Laws: Military and Veterans Code Section 987.79
The department may, in the contract of purchase with a veteran, provide that, in the event of default by the veteran and forfeiture of his...
- California Laws: Military and Veterans Code Section 987.80
(a) The department may insure and keep insured against fire or other hazards all buildings, fences, other permanent improvements, or crops situated upon any property...
- California Laws: Military and Veterans Code Section 987.81
If illness or accident prevents a purchaser of a farm from cultivating his farm or harvesting any crop, the department may enter and cultivate the...
- California Laws: Military and Veterans Code Section 987.82
When a purchaser dies, indebted to the department under contract of purchase, his rights acquired under this article and such contract shall devolve upon his...
- California Laws: Military and Veterans Code Section 987.83
For the purposes of carrying out the Veterans' Farm and Home Purchase Act of 1974 the Director of Finance may by executive order authorize the...
- California Laws: Military and Veterans Code Section 987.84
The right to declare a forfeiture for breach of a condition contained in any deed to real property may not be enforced as against the...
- California Laws: Military and Veterans Code Section 987.85
The department shall not acquire a home in which the veteran has an interest of record except in the following instances: (a) Where the application...
- California Laws: Military and Veterans Code Section 987.86
(a) Any veteran for whom a farm or home is purchased under this article may be granted a subsequent opportunity to purchase another farm or...
- California Laws: Military and Veterans Code Section 987.87
(a) The department shall establish the actual interest rate to be paid. To this end, the department, within 60 days of receipt of the survey...
- California Laws: Military and Veterans Code Section 987.875
Notwithstanding Section 987.87 or any other provision of law, the department shall report to the California Veterans Board and the Veterans' Finance Committee of 1943,...
- California Laws: Military and Veterans Code Section 987.88
(a) In the event the department enters into a master agreement with one or more insurance companies to provide life or disability insurance coverage for...
- California Laws: Military and Veterans Code Section 987.881
The insurance company or companies may provide life and disability insurance pursuant to Section 987.88 by one or more separate accounts. ...
- California Laws: Military and Veterans Code Section 987.89
The action of a veteran purchaser for damages against any third party does not affect his right of action for all damages against any party...
- California Laws: Military and Veterans Code Section 987.90
For the purposes of carrying out the provisions of the Veterans' Farm and Home Purchase Act of 1974, there is hereby appropriated, and the department...
- California Laws: Military and Veterans Code Section 987.91
Pursuant to the provisions of Section 987.90, the Department of Veterans Affairs is authorized to issue to lenders or investors supplying funds for the program...
- California Laws: Military and Veterans Code Section 987.92
Notwithstanding other provisions of this article relating to maximum sums to be expended by the department and maximum purchase price, the department may acquire or...
