§ 345.1. Advertisement of Sales.

(a) For each repossessed Cal-Vet property, a “for sale” advertisement shall appear in local newspapers covering the area where the property is located. The Department's advertisement shall appear in the newspapers for a period of at least fourteen days. The advertisement shall specify the location of the property, a brief description, its estimated value, and shall summarize the procedures for a potential buyer to purchase or submit a bid on the property and the qualifications the potential buyer is required to meet as well as the deadline date for “sealed offer” (bid) submission.

(b) A description of the property for sale shall be available in the public area of the district office serving the community in which the property is located.

(c) A “For Sale” sign shall demarcate the Cal-Vet property unless, in the opinion of the district office, to do so would subject the property to vandalism.

(d) Local veterans organizations shall receive information on repossessed properties offered for sale if these organizations have previously submitted, to the Division Of Farm and Home Purchases, a written request for such information.

(e) In order to continue receiving repossessed property information from the Department, veterans organizations shall renew their request each year by submitting a letter to the Department's Division Of Farm and Home Purchases.

HISTORY

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

2. Change without regulatory effect repealing subsection (f) filed 4-28-98 pursuant to section 100, title 1, California Code of Regulations (Register 98, No. 18).

Note

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