§ 419. Armed Forces Retirement Home Trust Fund

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1990

   Armed Forces Retirement Home Act of 1991

   Pub. L. 101–510 div. A title XV § 1519 · 104 Stat. 1485

   Enacted · 24 U.S.C. § 419

   Pub. L. 101–510, div. A, title XV, § 1519, Nov. 5, 1990, 104 Stat. 1730

   Source evidence

   Code source credit
   Pub. L. 101–510, div. A, title XV, § 1519, Nov. 5, 1990, 104 Stat. 1730

   Enacted provision · exact public law section
   SEC. 1519. RETIREMENT HOME TRUST FUND (a) Establishment.— There is hereby established in the Treasury of the United States a trust fund to be known as the Armed Forces Retirement Home Trust Fund. The Fund shall consist of the following: (1) Such amounts as may be transferred to the Fund. (2) Moneys deposited in the Fund by the Retirement Home Board realized from gifts or from the disposition of property and facilities. (3) Amounts deposited in the Fund as monthly fees paid by residents of the Retirement Home under section 1514. (4) Amounts of fines and forfeitures deposited in the Fund under section 2772 of title 10, United States Code. (5) Amounts deposited in the Fund as deductions from the pay of enlisted members, warrant officers, and limited duty officers under section 1007(i) of title 37, United States Code. (6) Interest from investments made under subsection (c). (b) Availability and Use of Fund.— Amounts in the Fund shall be available solely for the operation of the Retirement Home. (c) Investments.— The Secretary of the Treasury may invest in obligations issued or guaranteed by the United States any monies in the Fund that the Director determines are not currently needed to pay for the operation of the Retirement Home. (d) Transitional Accounts.— (1) During the period beginning on the date of the enactment of this Act and ending on September 30, 1994, the Fund shall contain a separate account for each establishment of the Retirement Home. During that period, contributions shall be collected under subsection (a) for the account of the Naval Home for the purpose of achieving a trust fund five times the estimated annual operating budget of the Naval Home. (2) Beginning on the date of the enactment of this Act, funds required for the operation of the United States Soldiers’ and Airmen’s Home shall be drawn from the appropriate account. Beginning on October 1, 1991, funds required for the operation of the Naval Home shall be drawn from the account of the Naval Home. (3) During the period beginning on the date of the enactment of this Act and ending on September 30, 1994— (A) amounts collected as monthly fees paid by residents of the Naval Home and amounts referred to in subsections (a)(4) and (a)(5) derived from enlisted members, warrant officers, and limited duty officers of the Navy, Marine Corps, and Coast Guard shall be credited to the account relating to that establishment; and (B) amounts collected as monthly fees paid by residents of the United States Soldiers’ and Airmen’s Home and amounts referred to in subsections (a)(4) and (a)(5) derived from members and warrant officers of the Army and Air Force shall be credited to the account relating to that establishment.

2. 2001

   National Defense Authorization Act for Fiscal Year 2002

   Pub. L. 107–107 § 1410(a)(2) · 115 Stat. 1012

   Inserted · 24 U.S.C. § 419

   Pub. L. 107–107, § 1410(a)(2), inserted “Armed Forces” before “Retirement Home Trust Fund” in section catchline

   Source evidence

   Code amendment note
   Pub. L. 107–107, § 1410(a)(2), inserted “Armed Forces” before “Retirement Home Trust Fund” in section catchline.

   Enacted provision · exact public law section
   (2) The heading for section 1519 (24 U.S.C. 419) is amended to read as follows: “SEC. 1519. ARMED FORCES RETIREMENT HOME TRUST FUND.”

3. 2001

   National Defense Authorization Act for Fiscal Year 2002

   Pub. L. 107–107 § 1404(b)(2) · 115 Stat. 1012

   Substituted · 24 U.S.C. § 419(c)

   Pub. L. 107–107, § 1404(b)(2), substituted “Chief Operating Officer” for “Director”

   Source evidence

   Code amendment note
   Subsec. (c). Pub. L. 107–107, § 1404(b)(2), substituted “Chief Operating Officer” for “Director”.

   Enacted provision · exact public law section
   (2) Section 1519(c) (24 U.S.C. 419(c)), relating to authority to invest funds in the Armed Forces Retirement Home Trust Fund, is amended by striking “Director” and inserting “Chief Operating Officer”.

4. 2001

   National Defense Authorization Act for Fiscal Year 2002

   Pub. L. 107–107 § 1410(b)(2) · 115 Stat. 1012

   Struck · 24 U.S.C. § 419(d)

   Pub. L. 107–107, § 1410(b)(2), struck out heading and text of subsec. (d). Text read as follows:

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 107–107, § 1410(b)(2), struck out heading and text of subsec. (d). Text read as follows:

   “(1) During the period beginning on November 5, 1990, and ending on September 30, 1994, the Fund shall contain a separate account for each establishment of the Retirement Home. During that period, contributions shall be collected under subsection (a) of this section for the account of the Naval Home for the purpose of achieving a trust fund five times the estimated annual operating budget of the Naval Home. “(2) Beginning on November 5, 1990, funds required for the operation of the United States Soldiers’ and Airmen’s Home shall be drawn from the appropriate account. Beginning on October 1, 1991, funds required for the operation of the Naval Home shall be drawn from the account of the Naval Home. “(3) During the period beginning on November 5, 1990, and ending on September 30, 1994— “(A) amounts collected as monthly fees paid by residents of the Naval Home and amounts referred to in subsections (a)(4) and (a)(5) of this section derived from enlisted members, warrant officers, and limited duty officers of the Navy, Marine Corps, and Coast Guard shall be credited to the account relating to that establishment; and “(B) amounts collected as monthly fees paid by residents of the United States Soldiers’ and Airmen’s Home and amounts referred to in subsections (a)(4) and (a)(5) of this section derived from members and warrant officers of the Army and Air Force shall be credited to the account relating to that establishment.”

   Enacted provision · exact public law section
   (2) Section 1519(d) (24 U.S.C. 419(d)), relating to transitional accounts in the Armed Forces Retirement Home Trust Fund.

5. 2008

   National Defense Authorization Act for Fiscal Year 2008

   Pub. L. 110–181 div. A title XIV § 1422(g) · 122 Stat. 3

   Added · 24 U.S.C. § 419(d)

   Pub. L. 110–181 added subsec. (d)

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 110–181 added subsec. (d).

   Enacted provision · exact public law section
   (g) Armed Forces Retirement Home Trust Fund.— Section 1519 of the Armed Forces Retirement Home Act of 1991 (24 U.S.C. 419) is amended by adding at the end the following new subsection: “(d) Reporting Requirements.— The Chief Financial Officer of the Armed Forces Retirement Home shall comply with the reporting requirements of subchapter II of chapter 35 of title 31, United States Code.” .

6. 2011

   National Defense Authorization Act for Fiscal Year 2012

   Pub. L. 112–81 div. A title V § 567(b)(1) · 125 Stat. 1298

   Substituted · 24 U.S.C. § 419(a)(2)

   Pub. L. 112–81 substituted “Chief Operating Officer” for “Retirement Home Board”

   Source evidence

   Code amendment note
   Subsec. (a)(2). Pub. L. 112–81 substituted “Chief Operating Officer” for “Retirement Home Board”.

   Enacted provision · exact public law section
   (1) Armed forces retirement home act.— Section 1519(a)(2) of the Armed Forces Retirement Home Act of 1991 (24 U.S.C. 419(a)(2)) is amended by striking “Retirement Home Board” and inserting “Chief Operating Officer”.

6 of 6 references resolved to an enrolled provision