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

submitted 37 years ago by Pub. L. 101-237 to r/title-38-VETERANS-BENEFITS · 389 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires the Secretary to include information about the Veterans Housing Benefit Program Fund in the Department of Veterans Affairs budget materials. It also requires financial data, revenue estimates, disposition information, and simple summaries of housing-program activity.

(a) In the detailed Department of Veterans Affairs budget documents that the Secretary submits to Congress with the President's budget for each fiscal year under section 1105 of title 31, the Secretary must include (1) a description of the Veterans Housing Benefit Program Fund's operations during the preceding fiscal year and (2) the Fund's appropriation needs, if any, for the submission fiscal year and the fiscal year covered by the budget. (b) The submission must include for the Fund: (1) operating information and financial data for the prior fiscal year and estimates and related information for the submission year and following year; (2) estimated revenue for the prior, submission, and following years from (A) fees under section 3729(a) for each category of loan guaranteed, insured, or made under this chapter and fees under section 3729(b) for assumed loans, (B) investment income, (C) sales of foreclosed property, (D) loan-asset sales, and (E) every additional revenue source; and (3) for each year, information about actual and expected ways of disposing of defaults, including the Fund's cost and the number of each type. (c) The information must include a simple, concise, readily understandable statement summarizing the financial activity of each housing program under this chapter. It may not refer to financing, liquidating, or program accounts.
the actual law source: uscode.house.gov ↗public domain
(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.

Source credit: (Added Pub. L. 101–237, title III, § 302(b)(1), Dec. 18, 1989, 103 Stat. 2070, § 1834; renumbered § 3734 and amended Pub. L. 102–83, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406; Pub. L. 105–368, title VI, § 602(d), (e)(1)(F), (3)(A), Nov. 11, 1998, 112 Stat. 3346, 3347; Pub. L. 107–14, § 8(a)(9), June 5, 2001, 115 Stat. 35; Pub. L. 107–330, title III, § 308(g)(12), Dec. 6, 2002, 116 Stat. 2829.)

history & why it existsrecord from the source credit
  • 1989Enacted · Pub. L. 101-237 · 103 Stat. 2070
  • 1991Amended · Pub. L. 102-83 · 105 Stat. 406
  • 1998Amended · Pub. L. 105-368 · 112 Stat. 3346, 3347
  • 2001Amended · Pub. L. 107-14 · 115 Stat. 35
  • 2002Amended · Pub. L. 107-330 · 116 Stat. 2829

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-237 on 1989-12-18.

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