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CA AB2087

Bill

Official Source

Status

Passed

9/29/2010

Primary Sponsor

Norma Torres

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Expands the definition of "home" under the CalVet Home Loan program to include residences with 2 to 4 units, inclusive.

  • New multi-unit residential properties must satisfy the requirements of Section 143(k)(7) of the Internal Revenue Code to qualify as a "home."

  • Multi-unit residences can only be occupied by veterans and their families to be eligible for the CalVet program.

  • Existing definitions of "home" including single-family dwellings, condominiums, and mobilehomes remain unchanged.

  • Bill was approved by Governor on September 29, 2010, and became Chapter 542.

Legislative Description

Veterans' farm and home purchases: definition: home.

Last Action

Chaptered by Secretary of State - Chapter 542, Statutes of 2010.

9/29/2010

Committee Referrals

Appropriations6/23/2010
Veterans Affairs6/10/2010
Rules6/1/2010
Appropriations4/15/2010
Veterans Affairs3/25/2010

Full Bill Text

No bill text available