
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: 38USC3749]

 
                      TITLE 38--VETERANS' BENEFITS
 
               PART III--READJUSTMENT AND RELATED BENEFITS
 
              CHAPTER 37--HOUSING AND SMALL BUSINESS LOANS
 
                   SUBCHAPTER IV--SMALL BUSINESS LOANS
 
Sec. 3749. Revolving fund

    (a) There is established in the Treasury a revolving fund to be 
known as the ``Department of Veterans Affairs Small Business Loan 
Revolving Fund'' (hereinafter in this section referred to as the 
``fund'').
    (b) Amounts in the fund shall be available to the Secretary without 
fiscal year limitation for all loan guaranty and direct loan operations 
under this subchapter other than administrative expenses and may not be 
used for any other purpose.
    (c)(1) There is authorized to be appropriated to the fund a total of 
$25,000,000.
    (2) There shall be deposited into the fund all amounts received by 
the Secretary derived from loan operations under this subchapter, 
including all collection of principal and interest and the proceeds from 
the use of property held or of property sold.
    (d) The Secretary shall determine annually whether there has 
developed in the fund a surplus which, in the Secretary's judgment, is 
more than necessary to meet the needs of the fund. Any such surplus 
shall immediately be transferred into the general fund of the Treasury.
    (e) Not later than two years after the termination of the authority 
of the Secretary to make new commitments for financial assistance under 
this subchapter, the Secretary shall transfer into the general fund of 
the Treasury all amounts in the fund except those that the Secretary 
determines may be required for the liquidation of obligations under this 
subchapter. All amounts received thereafter derived from loan operations 
under this subchapter, except so much thereof as the Secretary may 
determine to be necessary for liquidating outstanding obligations under 
this subchapter, shall also be so deposited.

(Added Pub. L. 97-72, title III, Sec. 302(a), Nov. 3, 1981, 95 Stat. 
1058, Sec. 1849; amended Pub. L. 99-576, title VII, Sec. 702(11), Oct. 
28, 1986, 100 Stat. 3302; Pub. L. 101-237, title III, Sec. 313(b)(1), 
Dec. 18, 1989, 103 Stat. 2077; renumbered Sec. 3749 and amended Pub. L. 
102-83, Secs. 4(a)(2)(B)(v), 5(a), Aug. 6, 1991, 105 Stat. 403, 406.)


                               Amendments

    1991--Pub. L. 102-83, Sec. 5(a), renumbered section 1849 of this 
title as this section.
    Subsec. (a). Pub. L. 102-83, Sec. 4(a)(2)(B)(v), substituted 
``Department of Veterans Affairs'' for ``Veterans' Administration''.
    1989--Subsecs. (b) to (e). Pub. L. 101-237 substituted ``Secretary'' 
and ``Secretary's'' for ``Administrator'' and ``Administrator's'', 
respectively, wherever appearing.
    1986--Subsec. (c)(1). Pub. L. 99-576 substituted ``There'' for 
``Effective for fiscal year 1982 and fiscal years thereafter, there''.
