
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-107 Section 1404(b)(2)]
[Document affected by Public Law 107-107 Section 1410(a)(2)]
[Document affected by Public Law 107-107 Section 1410(b)(2)]
[CITE: 24USC419]

 
                     TITLE 24--HOSPITALS AND ASYLUMS
 
                CHAPTER 10--ARMED FORCES RETIREMENT HOME
 
      SUBCHAPTER I--ESTABLISHMENT AND OPERATION OF RETIREMENT HOME
 
Sec. 419. 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 414 of this title.
        (4) Amounts of fines and forfeitures deposited in the Fund under 
    section 2772 of title 10.
        (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.
        (6) Interest from investments made under subsection (c) of this 
    section.

(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 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.

(Pub. L. 101-510, div. A, title XV, Sec. 1519, Nov. 5, 1990, 104 Stat. 
1730.)


                             Effective Date

    Section effective Nov. 5, 1990, see section 1541(b) of Pub. L. 101-
510, set out as a note under section 401 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 401 of this title.
