VETERANS\u27 BOND ACT OF 1996. This act provides for a bond issue of four hundred million dollars ($400,000,000) to provide farm and home aid for California veterans. Costs offset by payments from participating veterans. Summary of Legislative Analyst\u27s Estimate of Net State and Local Government Fiscal Impact: General Fund costs of about $700 million to pay off both the principal ($400 million) and interest (about $300 million) on the bonds; costs offset by payments from participating veterans. Average payment for principal and interest of about $28 million per year for 25 years