Veterans bond acts.

(1) Existing law, the Veterans Housing and Homeless Prevention Bond Act of 2014 (the 2014 bond act) , authorizes the issuance of bonds in the amount of $600,000,000, as specified, for expenditure by the California Housing Finance Agency, the Department of Housing and Community Development, and the Department of Veterans Affairs to provide housing to veterans and their families pursuant to the Veterans Housing and Homeless Prevention Act of 2014 (VHHPA) . This bill would enact the Veterans Housing and Homeless Prevention Bond Act of 2017 to authorize the issuance of bonds in an unspecified amount to provide additional funding for the VHHPA. The bill would provide for the handling and disposition of the funds in the same manner as the 2014 bond act. (2) Existing law, the Veterans' Bond Act of 2008, authorized, for purposes of financing a specified program for farm, home, and mobilehome purchase assistance for veterans, the issuance, pursuant to the State General Obligation Bond Law, of bonds in the amount of $900,000,000. This bill would enact the Veterans Farm and Home Bond Act of 2017 to authorize the issuance of bonds in an unspecified amount to provide additional funding for that program. The bill would provide for the handling and disposition of the funds in the same manner as the 2008 bond act. The bill would provide for submission of the measure to the voters at an unspecified statewide election in a specified manner. This bill would declare that it is to take effect immediately as an urgency statute.