California Military and Veterans Code

§ 987.60

MVC § 987.60 Effective Jan 1, 2022Div. 4 · Ch. 6 · Art. 3.1

Statute text

The department may acquire the farm or home, or may provide financing so that a veteran may acquire the farm or home, from its owner or may contract with a veteran for the construction of a dwelling and other improvements for a farm or home, upon the terms agreed under all of the following terms and conditions:

(a)The department is satisfied of the desirability of the property submitted.

(b)The veteran has agreed with the department that they, or members of their immediate family, will actually reside on the property within 60 days from the date of purchase or, if the residence on the property is not complete on the date of purchase, within 60 days after the residence is completed, and will continue to reside on the property until all payments due the department have been paid or the farm or home is sold, except where the occupancy requirement is waived pursuant to Section 987.62.

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Legislative history

Amended by Stats. 2021, Ch. 549, Sec. 9. (SB 661) Effective January 1, 2022.