BILL NUMBER: SB 46INTRODUCED BILL TEXT INTRODUCED BY Senator Roth DECEMBER 15, 2014 An act to amend Section 710 of the Military and Veterans Code, relating to veterans. LEGISLATIVE COUNSEL'S DIGEST SB 46, as introduced, Roth. Veterans housing. Existing law authorizes the Department of Veterans Affairs to establish a pilot project for the purpose of establishing a cooperative housing project for veterans and their families. This bill would make technical, nonsubstantive changes to those provisions. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 710 of the Military and Veterans Code is amended to read: 710. (a) The Department of Veterans Affairs may establish a pilot project for the purpose of establishing a cooperative housing project. (b) The Department of Veterans Affairs shall work in conjunction with the Department of Housing and Community Development to implement the pilot project. (c) The Department of Veterans Affairs may use existing home loanfundsfunds, in accordance with all laws and regulations governing their use, to establish the pilot project.These funds shall be used in accordance with all laws and regulations governing the use of the funds.(d) The Department of Veterans Affairs shall prescribe the rules, regulations, and conditions necessary to implement this section. (e) Any cooperative housing project established pursuant to this section shall be restricted for use and occupancy by military veterans and their families for a period of at least 55 years.