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38 U.S.C. § 8116 — Nursing home revolving fund

submitted 38 years ago by Pub. L. 100-322 to r/title-38-VETERANS-BENEFITS · 161 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law sets up a revolving fund for VA nursing home construction. Money transferred under section 8122(a)(2)(C) goes into this fund and stays available with no year limit. The fund can only be spent on nursing home projects, as allowed by appropriations laws.

(a) (1) Money moved under section 8122(a)(2)(C) of this title goes into this fund, which acts as a revolving fund and stays available with no limit tied to a specific fiscal year. (2) This revolving fund is held in a checking account with the U.S. Treasurer. (b) (1) Money from this fund can only be spent on constructing, altering, and acquiring (including buying the site for) nursing home facilities, and only as allowed by appropriations laws. (2) For purposes of section 8104(a)(2), if a bill, resolution, or amendment lets fund money be spent on a nursing home project costing more than $2,000,000 to construct, alter, or acquire, that bill counts as an appropriation that could go toward a "major medical facility project."
the actual law source: uscode.house.gov ↗public domain
(a)
(1)

Amounts realized from a transfer pursuant to section 8122(a)(2)(C) 1 of this title shall be administered as a revolving fund and shall be available without fiscal year limitation.

(2)

The revolving fund shall be deposited in a checking account with the Treasurer of the United States.

(b)
(1)

The expenditure of funds from the revolving fund may be made only for the construction, alteration, and acquisition (including site acquisition) of nursing home facilities and may be made only as provided for in appropriation Acts.

(2)

For the purpose of section 8104(a)(2) of this title, a bill, resolution, or amendment which provides that funds in the revolving fund may be expended for a project involving a total expenditure of more than $2,000,000 for the construction, alteration, or acquisition (including site acquisition) of a nursing home facility shall be considered to be a bill, resolution, or amendment making an appropriation which may be expended for a major medical facility project.

Source credit: (Added Pub. L. 100–322, title II, § 205(a), May 20, 1988, 102 Stat. 512, § 5016; renumbered § 8116 and amended Pub. L. 102–40, title IV, § 402(b)(1), (d)(1), May 7, 1991, 105 Stat. 238, 239.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 100-322 · 102 Stat. 512
  • 1991Amended · Pub. L. 102-40 · 105 Stat. 238, 239

A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-322 on 1988-05-20.

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