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Article: Calif. Panel OKs Ballot Measure for $900M of Veteran's Mortgage Bonds.
- Article from:
- The Bond Buyer
- Article date:
- June 20, 2008
- Author:
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SAN FRANCISCO -- California's Assembly Veterans Affairs Committee this week approved a bill that would place a $900 million bond measure on the November ballot to finance the state's mortgage bond program for military veterans.
The committee's unanimous vote came Wednesday, one day after President Bush signed a bill that is expected to stimulate demand for the program by expanding the pool of veterans who qualify for the loans.
The California bill, which has already cleared the Senate, was moved on to the Assembly's Appropriations Committee.
The bill was introduced this year in the expectation that Congress would enact changes to the laws ...