FOTO FROM ARCHIVE: Members of the U.S. Army during a meeting in Orange County with California State Senator Lou Correa (far left).
Senator Lou Correa, 34th Senate District
For Immediate Release: June 16, 2010
Contact: Lina Hamilton, (916) 651-4034
Senator Correa Strongly Supports Legislation to Save California Taxpayers and Veterans Millions of Dollars
SACRAMENTO, CA – Senator Lou Correa (Orange County) strongly supported Senate Committee on Veterans Affairs approval of Assembly Bill 2651 (AB 2651), introduced by Assemblymember Steve Knight (Palmdale).
AB 2651 will create a revolving fund known as the “Veterans’ Bond Payment Fund” within the Military and Veterans Code to pay debt service on Cal-Vet home loans. This measure also prohibits any of the money in the Bond Payment Fund from being considered “surplus money” as defined in current law. AB 2651 also makes provisions for debt service not to apply toward refunding bonds.
In support of AB 2651, Senator Correa issued the following statement: “Every Californian has the right to fair and accessible housing opportunities, especially the men and women who risked their lives to protect our country and our freedoms. We, as elected officials must do our best to make sure that our veterans can afford a dignified way of life, including housing, when they return form service. I applaud Assemblymember Knight for in introducing this legislative measure.” Continue reading