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HomeMilitary and Veterans CodeDiv. 5Ch. 1§ 1034 Veterans Home Fund Handling

§ 1034 Veterans Home Fund Handling

Military and Veterans Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1034 Veterans Home Fund Handling

This law says that any money received by a home or its officers, except for certain exceptions like pensions and donations, must be given to the administrator. The administrator then sends this money to the State Treasurer to be put into the General Fund.

Key Takeaways

  • •All money received by a home, except for certain exceptions, must be given to the administrator.
  • •The administrator sends this money to the State Treasurer for the General Fund.
  • •Exceptions include pensions, trust moneys, and donations, which can stay with the home.

Example

A retirement home receives money from residents for their stay and also gets a donation from a local business.

The money paid by residents for their stay must be given to the administrator, who then sends it to the State Treasurer. However, the donation from the local business can stay with the home.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 1034 Veterans Home Fund Handling

Except money received from this state for disbursement, all moneys received by a home, or by an officer of a home, including pension and other moneys belonging to members and other trust moneys, shall be immediately paid to the administrator of the home. The administrator of each home shall forward to the State Treasurer all moneys in the administrator’s possession, except pension and other moneys belonging to members, trust moneys, and donations made to each home, together with a statement of the sources from which the moneys have been received. The moneys shall be deposited by the State Treasurer to the credit of the General Fund; provided, however, that abatements of support expenditures shall be credited to the support appropriation current at the time of collection. (Amended by Stats. 2019, Ch. 29, Sec. 126. (SB 82) Effective June 27, 2019.)

Last verified: January 11, 2026

Key Terms

moneysadministratorState TreasurerGeneral Fundpensiontrust moneysdonations

Related Statutes

  • § 1035 Member Property Trust Rules
  • § 1011 Veterans Home Administrators
  • § 1023 Veterans Home Property Trust
  • § 1035.2 Disposal Of Low-Value Property
  • § 1035.5 Veteran Home Financial Disclosure

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Military and Veterans Code. Section 1034.
View Official Source