§ 3112. — Revolving fund loans.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 38USC3112]
TITLE 38--VETERANS' BENEFITS
PART III--READJUSTMENT AND RELATED BENEFITS
CHAPTER 31--TRAINING AND REHABILITATION FOR VETERANS WITH SERVICE-
CONNECTED DISABILITIES
Sec. 3112. Revolving fund loans
The revolving fund established pursuant to part VII of Veterans
Regulation Numbered 1(a) is continued in effect, and may be used by the
Secretary, under regulations prescribed by the Secretary, for making
advances, not in excess of twice the amount of the full-time
institutional monthly subsistence allowance for a veteran with no
dependents (as provided in section 3108(b) of this title) to veterans
pursuing rehabilitation programs under this chapter. Such advances, and
advances from such fund made before the effective date of the Veterans'
Rehabilitation and Education Amendments of 1980, shall bear no interest
and shall be repaid in such installments, as may be determined by the
Secretary, by proper deductions from future payments of compensation,
pension, subsistence allowance, educational assistance allowance, or
retirement pay.
(Added Pub. L. 96-466, title I, Sec. 101(a), Oct. 17, 1980, 94 Stat.
2181, Sec. 1512; amended Pub. L. 101-237, title IV, Sec. 423(b)(1)(A),
Dec. 18, 1989, 103 Stat. 2092; renumbered Sec. 3112 and amended Pub. L.
102-83, Sec. 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406.)
References in Text
The revolving fund established pursuant to part VII of Veterans
Regulation Numbered 1(a), referred to in text, means the vocational
rehabilitation revolving fund established by par. 8 of part VII of
Veterans Regulation Numbered 1(a), as added by act Mar. 24, 1943, ch.
22, Sec. 2, 57 Stat. 44, which was set out in chapter 12A of former
Title 38, Pensions, Bonuses, and Veterans' Relief. The appropriation for
such fund made by act July 12, 1943, ch. 218, Sec. 1, 57 Stat. 434, was
reduced by act June 24, 1954, ch. 359, title I, Sec. 101(part), 68 Stat.
293, and repealed by Pub. L. 85-857, Sec. 14(82), Sept. 2, 1958, 72
Stat. 1272. Part VII of Veterans Regulation Numbered 1(a) was repealed
by section 14(67) of Pub. L. 85-857, effective Jan. 1, 1959, which
provided in part, that repeal of part VII should not take effect in such
manner as to impair the operation of the deferred repeal of a portion of
paragraph 9 of the part as provided in section 21 of the Government
Employees Training Act, Pub. L. 85-507, July 7, 1958, 72 Stat. 337. For
continuation of certain rights and benefits see section 12 of Pub. L.
85-857, set out as a note preceding part I of this title.
For effective date of the Veterans' Rehabilitation and Education
Amendments of 1980, referred to in text, see section 802 of Pub. L. 96-
466, set out as an Effective Date note under section 3100 of this title.
Prior Provisions
Prior section 3112 was renumbered section 5312 of this title.
Provisions similar to those comprising this section were contained
in former section 1507 of this title prior to the general revision of
this chapter by Pub. L. 96-466.
Amendments
1991--Pub. L. 102-83 renumbered section 1512 of this title as this
section and substituted ``3108(b)'' for ``1508(b)''.
1989--Pub. L. 101-237 substituted ``Secretary'' for
``Administrator'' wherever appearing.
Effective Date; Veterans Pursuing Program of Vocational Rehabilitation
Under This Chapter
Section effective Oct. 1, 1980, and during period beginning on Oct.
1, 1980, and ending on Mar. 31, 1981, the provisions of this section, as
added by Pub. L. 96-466, title I, Sec. 101(a), Oct. 17, 1980, 94 Stat.
2181, shall apply to veterans pursuing a program of vocational
rehabilitation training under this chapter in the same manner as former
section 1507 of this title applied to veterans pursuing such a program
under this chapter on Sept. 30, 1980, see section 802(a)(2), (4) of Pub.
L. 96-466, set out as an Effective Date note under section 3100 of this
title.
Section Referred to in Other Sections
This section is referred to in section 3104 of this title.
