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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 section establishes a nursing home revolving fund and states how the fund may be used and administered.

(a) (1) Amounts realized from a transfer pursuant to section 8122(a)(2)(C) 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.

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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