
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document affected by Public Law 107-14 Section 8(a)(9)]
[CITE: 38USC3734]

 
                      TITLE 38--VETERANS' BENEFITS
 
               PART III--READJUSTMENT AND RELATED BENEFITS
 
              CHAPTER 37--HOUSING AND SMALL BUSINESS LOANS
 
                SUBCHAPTER III--ADMINISTRATIVE PROVISIONS
 
Sec. 3734. Annual submission of information on the Veterans 
        Housing Benefit Program Fund and housing programs
        
    (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, United States Code, 
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 in--
            (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) Federal Government payments under section 3729(a)(3) of 
        this title.
            (C) Investment income.
            (D) Sales of foreclosed properties.
            (E) Loan asset sales.
            (F) 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.

(Added Pub. L. 101-237, title III, Sec. 302(b)(1), Dec. 18, 1989, 103 
Stat. 2070, Sec. 1834; renumbered Sec. 3734 and amended Pub. L. 102-83, 
Sec. 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406; Pub. L. 105-368, title 
VI, Sec. 602(d), (e)(1)(F), (3)(A), Nov. 11, 1998, 112 Stat. 3346, 
3347.)


                               Amendments

    1998--Pub. L. 105-368, Sec. 602(e)(3)(A), substituted ``Veterans 
Housing Benefit Program Fund and housing programs'' for ``Loan Guaranty 
Revolving Fund and the Guaranty and Indemnity Fund'' in section 
catchline.
    Subsec. (a)(1). Pub. L. 105-368, Sec. 602(e)(1)(F)(i)(I), 
substituted ``Veterans Housing Benefit Program Fund'' for ``Loan 
Guaranty Revolving Fund and the Guaranty and Indemnity Fund''.
    Subsec. (a)(2). Pub. L. 105-368, Sec. 602(e)(1)(F)(i)(II), 
substituted ``fund,'' for ``funds,'' in introductory provisions.
    Subsec. (b). Pub. L. 105-368, Sec. 602(e)(1)(F)(ii), substituted 
``the fund'' for ``each fund'' in introductory provisions.
    Subsec. (b)(2)(B) to (G). Pub. L. 105-368, Sec. 602(e)(1)(F)(iii), 
redesignated subpars. (C) to (G) as (B) to (F), respectively, in subpar. 
(B), substituted ``section 3729(a)(3)'' for ``subsections (a)(3) and 
(c)(2) of section 3729'', and struck out former subpar. (B) which read 
as follows: ``Federal Government contributions made under clauses (A) 
and (B) of section 3725(c)(2) of this title.''
    Subsec. (c). Pub. L. 105-368, Sec. 602(d), added subsec. (c).
    1991--Pub. L. 102-83, Sec. 5(a), renumbered section 1834 of this 
title as this section.
    Subsec. (b)(2). Pub. L. 102-83, Sec. 5(c)(1), substituted 
``3729(a)'' for ``1829(a)'' and ``3729(b)'' for ``1829(b)'' in subpar. 
(A), ``3725(c)(2)'' for ``1825(c)(2)'' in subpar. (B), and ``3729'' for 
``1829'' in subpar. (C).


                    Effective Date of 1998 Amendment

    Amendment by Pub. L. 105-368 effective Oct. 1, 1998, see section 
602(f) of Pub. L. 105-368, set out as a note under section 2106 of this 
title.
