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Title 38 — Veterans’ Benefits

Part III · Chapter 37 — Housing and Small Business Loans

§ 3734. Annual submission of information on the Veterans Housing Benefit Program Fund and housing programs

Statutory text

(a)

In the documents providing detailed information on the budget for the Department of Veterans Affairs that the Secretary submits to the Congress in conjunction with the President’s budget submission for each fiscal year pursuant to section 1105 of title 31, the Secretary shall include—

(1)

a description of the operations of the Veterans Housing Benefit Program Fund during the fiscal year preceding the fiscal year in which such budget is submitted; and

(2)

the needs of such fund, if any, for appropriations for—

(A)

the fiscal year in which the budget is submitted; and

(B)

the fiscal year for which the budget is submitted.

(b)

The matters submitted under subsection (a) of this section shall include, with respect to the fund referred to in subsection (a), the following:

(1)

Information and financial data on the operations of the fund during the fiscal year before the fiscal year in which such matters are submitted and estimated financial data and related information on the operation of the fund for—

(A)

the fiscal year of the submission; and

(B)

the fiscal year following the fiscal year of the submission.

(2)

Estimates of the amount of revenues derived by the fund in the fiscal year preceding the fiscal year of the submission, in the fiscal year of the submission, and in the fiscal year following the fiscal year of the submission from each of the following sources:

(A)

Fees collected under section 3729(a) of this title for each category of loan guaranteed, insured, or made under this chapter or collected under section 3729(b) of this title for assumed loans.

(B)

Investment income.

(C)

Sales of foreclosed properties.

(D)

Loan asset sales.

(E)

Each additional source of revenue.

(3)

Information, for each fiscal year referred to in paragraph (2) of this subsection, regarding the types of dispositions made and anticipated to be made of defaults on loans guaranteed, insured, or made under this chapter, including the cost to the fund, and the numbers, of such types of dispositions.

(c)

The information submitted under subsection (a) shall include a statement that summarizes the financial activity of each of the housing programs operated under this chapter. The statement shall be presented in a form that is simple, concise, and readily understandable, and shall not include references to financing accounts, liquidating accounts, or program accounts.

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. Veterans Home Loan Indemnity and Restructuring Act of 1989

    Pub. L. 101–237 title III § 302(b)(1) · 103 Stat. 2062

    Enacted · 38 U.S.C. § 3734

    Added Pub. L. 101–237, title III, § 302(b)(1), Dec. 18, 1989, 103 Stat. 2070, § 1834

    Source evidence

    Code source credit
    Added Pub. L. 101–237, title III, § 302(b)(1), Dec. 18, 1989, 103 Stat. 2070, § 1834

    Enacted provision · exact public law section
    (1) Subchapter III of chapter 37 is amended by adding at the end the following new section: “§ 1834. Annual submission of information on the Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund “(a) In the documents providing detailed information on the budget for the Department of Veterans Affairs that the Secretary submits to the Congress in conjunction with the President’s budget submission for each fiscal year pursuant to section 1105 of title 31, United States Code, the Secretary shall include— “(1) a description of the operations of the Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund during the fiscal year preceding the fiscal year in which such budget is submitted; and “(2) the needs of such funds, if any, for appropriations in— “(A) the fiscal year in which the budget is submitted; and “(B) the fiscal year for which the budget is submitted. “(b) The matters submitted under subsection (a) of this section shall include, with respect to each fund referred to in subsection (a), the following: “(1) Information and financial data on the operations of the fund during the fiscal year before the fiscal year in which such matters are submitted and estimated financial data and related information on the operation of the fund for— “(A) the fiscal year of the submission; and “(B) the fiscal year following the fiscal year of the submission. “(2) Estimates of the amount of revenues derived by the fund in the fiscal year preceding the fiscal year of the submission, in the fiscal year of the submission, and in the fiscal year following the fiscal year of the submission from each of the following sources: “(A) Fees collected under section 1829(a) of this title for each category of loan guaranteed, insured, or made under this chapter or collected under section 1829(b) of this title for assumed loans. “(B) Federal Government contributions made under clauses (A) and (B) of section 1825(c)(2) of this title. “(C) Federal Government payments under subsections (a)(3) and (c)(2) of section 1829 of this title. “(D) Investment income. “(E) Sales of foreclosed properties. “(F) Loan asset sales. “(G) Each additional source of revenue. “(3) Information, for each fiscal year referred to in paragraph (2) of this subsection, regarding the types of dispositions made and anticipated to be made of defaults on loans guaranteed, insured, or made under this chapter, including the cost to the fund, and the numbers, of such types of dispositions.”.

  2. Pub. L. 102–83 § 5(a) · 105 Stat. 378

    Changed · 38 U.S.C. § 3734

    Pub. L. 102–83, § 5(a), renumbered section 1834 of this title as this section

    Source evidence

    Code amendment note
    Pub. L. 102–83, § 5(a), renumbered section 1834 of this title as this section.

    Enacted provision · exact public law section
    (a) Redesignation of Sections to Conform to Chapter Numbers.— Each section contained in any of chapters 11 through 23 is redesignated by replacing the first digit of the section number with the number of the chapter containing that section. Each section contained in any of chapters 24 through 42 is redesignated so that the first two digits of the section number of that section are the same as the chapter number of the chapter containing that section.

  3. Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    1. Substituted · 38 U.S.C. § 3734(b)(2)

      Pub. L. 102–83, § 5(c)(1), substituted “3729(a)” for “1829(a)” in subpar. (C)

    2. Substituted · 38 U.S.C. § 3734(b)(2)

      Pub. L. 102–83, § 5(c)(1), substituted “3729(b)” for “1829(b)” in subpar. (C)

    3. Substituted · 38 U.S.C. § 3734(b)(2)

      Pub. L. 102–83, § 5(c)(1), substituted “3725(c)(2)” for “1825(c)(2)” in subpar. (C)

    4. Substituted · 38 U.S.C. § 3734(b)(2)

      Pub. L. 102–83, § 5(c)(1), substituted “3729” for “1829” in subpar. (C)

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 102–83, § 5(c)(1), substituted “3729(a)” for “1829(a)” and “3729(b)” for “1829(b)” in subpar. (A), “3725(c)(2)” for “1825(c)(2)” in subpar. (B), and “3729” for “1829” in subpar. (C).

    Enacted provision · exact public law section
    (1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.

  4. Pub. L. 105–368 § 602(e)(3)(A) · 112 Stat. 3315

    Substituted · 38 U.S.C. § 3734

    Pub. L. 105–368, § 602(e)(3)(A), substituted “Veterans Housing Benefit Program Fund and housing programs” for “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund” in section catchline

    Source evidence

    Code amendment note
    Pub. L. 105–368, § 602(e)(3)(A), substituted “Veterans Housing Benefit Program Fund and housing programs” for “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund” in section catchline.

    Enacted provision · exact public law section
    (A) The heading for section 3734 is amended to read as follows: “§ 3734. Annual submission of information on the Veterans Housing Benefit Program Fund and housing programs”.

    Effective date note
    Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

  5. Pub. L. 105–368 § 602(e)(1)(F)(i)(I) · 112 Stat. 3315

    Substituted · 38 U.S.C. § 3734(a)(1)

    Pub. L. 105–368, § 602(e)(1)(F)(i)(I), substituted “Veterans Housing Benefit Program Fund” for “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund”

    Source evidence

    Code amendment note
    Subsec. (a)(1). Pub. L. 105–368, § 602(e)(1)(F)(i)(I), substituted “Veterans Housing Benefit Program Fund” for “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund”.

    Enacted provision · exact public law section
    (I) by striking “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund” in paragraph (1) and inserting “Veterans Housing Benefit Program Fund”; and

    Effective date note
    Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

  6. Pub. L. 105–368 § 602(e)(1)(F)(i)(II) · 112 Stat. 3315

    Substituted · 38 U.S.C. § 3734(a)(2)

    Pub. L. 105–368, § 602(e)(1)(F)(i)(II), substituted “fund,” for “funds,” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (a)(2). Pub. L. 105–368, § 602(e)(1)(F)(i)(II), substituted “fund,” for “funds,” in introductory provisions.

    Enacted provision · exact public law section
    (II) by striking “funds,” in paragraph (2) and inserting “fund,”;

    Effective date note
    Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

  7. Pub. L. 105–368 § 602(e)(1)(F)(ii) · 112 Stat. 3315

    Substituted · 38 U.S.C. § 3734(b)

    Pub. L. 105–368, § 602(e)(1)(F)(ii), substituted “the fund” for “each fund” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 105–368, § 602(e)(1)(F)(ii), substituted “the fund” for “each fund” in introductory provisions.

    Enacted provision · exact public law section
    (ii) in subsection (b), by striking “each fund” in the matter preceding paragraph (1) and inserting “the fund”; and

    Effective date note
    Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

  8. Pub. L. 105–368 § 602(e)(1)(F)(iii) · 112 Stat. 3315

    1. Redesignated · 38 U.S.C. § 3734(b)(2)(B)(G)

      Pub. L. 105–368, § 602(e)(1)(F)(iii), redesignated subpars. (C) to (G) as (B) to (F), respectively, in subpar. (B)

    2. Substituted · 38 U.S.C. § 3734(b)(2)(B)(G)

      Pub. L. 105–368, § 602(e)(1)(F)(iii), substituted “section 3729(a)(3)” for “subsections (a)(3) and (c)(2) of section 3729”

    3. Struck · 38 U.S.C. § 3734(b)(2)(B)(G)

      Pub. L. 105–368, § 602(e)(1)(F)(iii), struck out former subpar. (B) which read as follows: “Federal Government contributions made under clauses (A) and (B) of section 3725(c)(2) of this title.”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(B) to (G). Pub. L. 105–368, § 602(e)(1)(F)(iii), redesignated subpars. (C) to (G) as (B) to (F), respectively, in subpar. (B), substituted “section 3729(a)(3)” for “subsections (a)(3) and (c)(2) of section 3729”, and struck out former subpar. (B) which read as follows: “Federal Government contributions made under clauses (A) and (B) of section 3725(c)(2) of this title.”

    Enacted provision · exact public law section
    (iii) in subsection (b)(2)— (I) by striking subparagraph (B); (II) by redesignating subparagraphs (C), (D), (E), (F), and (G) as subparagraphs (B), (C), (D), (E), and (F), respectively; and (III) in subparagraph (B), as so redesignated, by striking “subsections (a)(3) and (c)(2) of section 3729” and inserting “section 3729(a)(3)”.

    Effective date note
    Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

  9. Pub. L. 105–368 § 602(d) · 112 Stat. 3315

    Added · 38 U.S.C. § 3734(c)

    Pub. L. 105–368, § 602(d), added subsec. (c)

    Source evidence

    Code amendment note
    Subsec. (c). Pub. L. 105–368, § 602(d), added subsec. (c).

    Enacted provision · exact public law section
    (d) Submission of Summary Financial Statement on Housing Programs.— Section 3734 is amended by adding at the end the following new subsection: “(c) The information submitted under subsection (a) shall include a statement that summarizes the financial activity of each of the housing programs operated under this chapter. The statement shall be presented in a form that is simple, concise, and readily understandable, and shall not include references to financing accounts, liquidating accounts, or program accounts.”.

    Effective date note
    Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

  10. Veterans’ Survivor Benefits Improvements Act of 2001

    Pub. L. 107–14 § 8(a)(9)(A) · 115 Stat. 25

    Struck · 38 U.S.C. § 3734(a)

    Pub. L. 107–14, § 8(a)(9)(A), struck out “United States Code,” after “section 1105 of title 31,” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 107–14, § 8(a)(9)(A), struck out “United States Code,” after “section 1105 of title 31,” in introductory provisions.

    Enacted provision · exact public law section
    (A) by striking “United States Code,” in the matter preceding paragraph (1); and

  11. Veterans’ Survivor Benefits Improvements Act of 2001

    Pub. L. 107–14 § 8(a)(9)(B) · 115 Stat. 25

    Substituted · 38 U.S.C. § 3734(a)(2)

    Pub. L. 107–14, § 8(a)(9)(B), substituted “appropriations for” for “appropriations in”

    Source evidence

    Code amendment note
    Subsec. (a)(2). Pub. L. 107–14, § 8(a)(9)(B), substituted “appropriations for” for “appropriations in”.

    Enacted provision · exact public law section
    (B) by striking “appropriations in” in paragraph (2) and inserting “appropriations for”.

  12. Pub. L. 107–330 title III § 308(g)(12) · 116 Stat. 2820

    1. Redesignated · 38 U.S.C. § 3734(b)(2)(B)(F)

      Pub. L. 107–330 redesignated subpars. (C) to (F) as (B) to (E), respectively

    2. Struck · 38 U.S.C. § 3734(b)(2)(B)(F)

      Pub. L. 107–330 struck out former subpar. (B) which read as follows: “Federal Government payments under section 3729(a)(3) of this title.”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(B) to (F). Pub. L. 107–330 redesignated subpars. (C) to (F) as (B) to (E), respectively, and struck out former subpar. (B) which read as follows: “Federal Government payments under section 3729(a)(3) of this title.”

    Enacted provision · exact public law section
    (12) Section 3734(b)(2) is amended— (A) by striking subparagraph (B); and (B) by redesignating subparagraphs (C), (D), (E), and (F) as subparagraphs (B), (C), (D), and (E), respectively.

18 of 18 references resolved to an enrolled provision

Editorial Notes

Amendments1991–2002 · 4 rounds

2002

Subsec. (b)(2)(B) to (F). Pub. L. 107–330 redesignated subpars. (C) to (F) as (B) to (E), respectively, and struck out former subpar. (B) which read as follows: “Federal Government payments under section 3729(a)(3) of this title.”

2001

Subsec. (a). Pub. L. 107–14, § 8(a)(9)(A), struck out “United States Code,” after “section 1105 of title 31,” in introductory provisions.

Subsec. (a)(2). Pub. L. 107–14, § 8(a)(9)(B), substituted “appropriations for” for “appropriations in”.

1998

Pub. L. 105–368, § 602(e)(3)(A), substituted “Veterans Housing Benefit Program Fund and housing programs” for “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund” in section catchline.

Subsec. (a)(1). Pub. L. 105–368, § 602(e)(1)(F)(i)(I), substituted “Veterans Housing Benefit Program Fund” for “Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund”.

Subsec. (a)(2). Pub. L. 105–368, § 602(e)(1)(F)(i)(II), substituted “fund,” for “funds,” in introductory provisions.

Subsec. (b). Pub. L. 105–368, § 602(e)(1)(F)(ii), substituted “the fund” for “each fund” in introductory provisions.

Subsec. (b)(2)(B) to (G). Pub. L. 105–368, § 602(e)(1)(F)(iii), redesignated subpars. (C) to (G) as (B) to (F), respectively, in subpar. (B), substituted “section 3729(a)(3)” for “subsections (a)(3) and (c)(2) of section 3729”, and struck out former subpar. (B) which read as follows: “Federal Government contributions made under clauses (A) and (B) of section 3725(c)(2) of this title.”

Subsec. (c). Pub. L. 105–368, § 602(d), added subsec. (c).

1991

Pub. L. 102–83, § 5(a), renumbered section 1834 of this title as this section.

Subsec. (b)(2). Pub. L. 102–83, § 5(c)(1), substituted “3729(a)” for “1829(a)” and “3729(b)” for “1829(b)” in subpar. (A), “3725(c)(2)” for “1825(c)(2)” in subpar. (B), and “3729” for “1829” in subpar. (C).

Statutory Notes and Related Subsidiaries

Effective Date of 1998 Amendment

Amendment by Pub. L. 105–368 effective , see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

Credits

1989–2002 · 5 acts
  1. 1989Added Pub. L. 101–237, title III, § 302(b)(1), , 103 Stat. 2070, § 1834
  2. 1991renumbered § 3734 and amended Pub. L. 102–83, § 5(a), (c)(1), , 105 Stat. 406
  3. 1998Pub. L. 105–368, title VI, § 602(d), (e)(1)(F), (3)(A), , 112 Stat. 3346, 3347
  4. 2001Pub. L. 107–14, § 8(a)(9), , 115 Stat. 35
  5. 2002Pub. L. 107–330, title III, § 308(g)(12), , 116 Stat. 2829.
Show as published

(Added Pub. L. 101–237, title III, § 302(b)(1), , 103 Stat. 2070, § 1834; renumbered § 3734 and amended Pub. L. 102–83, § 5(a), (c)(1), , 105 Stat. 406; Pub. L. 105–368, title VI, § 602(d), (e)(1)(F), (3)(A), , 112 Stat. 3346, 3347; Pub. L. 107–14, § 8(a)(9), , 115 Stat. 35; Pub. L. 107–330, title III, § 308(g)(12), , 116 Stat. 2829.)

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