12 CCR s 345.7

Cal. Admin. Code tit. 12, s 345.7

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 3. CONTRACT AND OTHER TERMS
This database is current through 12/22/06, Register 2006, No. 51.
s 345.7. Sales to Employees.

(a) The district office shall only accept offers from Department employees
under the following conditions:

(1) The employee submits an offer that is for a higher dollar
amount than all other acceptable offers received;

(2) The employee's financial status would not justify the denial of
a loan under Section 309.1.

(b) The Department shall not consummate the sale of any repossessed
property to an employee of the Department without the prior review of all
acceptable offers and a sign-off by the Secretary, which shall occur
within fourteen days of the receipt of the employee's application.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Sections 74, 985.2, 987.6, 987.51 and 987.78(a), Military
and Veterans Code.

HISTORY

1. New section filed 11-12-91; operative 12-12-91 (Register 92, No. 7).

2. Change without regulatory effect amending subsection (b) and Note filed
12-
2-96 pursuant to section 100, title 1, California Code of Regulations
(Register 96, No. 49).

12 CCR s 345.7, 12 CA ADC s 345.7
1CAC

12 CA ADC s 345.7

END OF DOCUMENT