
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 38USC1929]

 
                      TITLE 38--VETERANS' BENEFITS
 
                        PART II--GENERAL BENEFITS
 
                          CHAPTER 19--INSURANCE
 
              SUBCHAPTER I--NATIONAL SERVICE LIFE INSURANCE
 
Sec. 1929. Authority to adjust premium discount rates

    (a) Notwithstanding sections 1902, 1923, and 1925 of this title and 
subject to subsection (b) of this section, the Secretary may from time 
to time adjust the discount rates for premiums paid in advance on 
National Service Life Insurance, Veterans' Special Life Insurance, and 
Veterans Reopened Insurance.
    (b)(1) In adjusting a discount rate pursuant to subsection (a) of 
this section, the Secretary may not set such rate at a rate lower than 
the rate authorized for the program of insurance involved under section 
1902, 1923, or 1925 of this title.
    (2) The Secretary may make an adjustment under subsection (a) of 
this section only if the Secretary determines that the adjustment is 
administratively and actuarially sound for the program of insurance 
involved.

(Added Pub. L. 100-687, div. B, title XIV, Sec. 1401(b)(1), Nov. 18, 
1988, 102 Stat. 4129, Sec. 729; renumbered Sec. 1929 and amended Pub. L. 
102-83, Secs. 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 
404-406.)


                               Amendments

    1991--Pub. L. 102-83, Sec. 5(a), renumbered section 729 of this 
title as this section.
    Pub. L. 102-83, Sec. 5(c)(1), substituted ``1902, 1923, and 1925'' 
for ``702, 723, and 725'' in subsec. (a) and ``1902, 1923, or 1925'' for 
``702, 723, or 725'' in subsec. (b)(1).
    Pub. L. 102-83, Sec. 4(b)(1), (2)(E), substituted ``Secretary'' for 
``Administrator'' wherever appearing.


                             Effective Date

    Section 1401(b)(2) of Pub. L. 100-687 provided that: ``The amendment 
made by paragraph (1) [enacting this section] shall take effect with 
respect to premiums paid after the date of the enactment of this Act 
[Nov. 18, 1988].''
