Public Law 119-73 (01/23/2026)

38 U.S.C. § 3112

Revolving fund loans

section 3108(b) of this titleThe 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 ) 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.

Pub. L. 96–466, title I, § 101(a)94 Stat. 2181Pub. L. 101–237, title IV, § 423(b)(1)(A)103 Stat. 2092Pub. L. 102–83, § 5(a)105 Stat. 406(Added , , , § 1512; amended , , ; renumbered § 3112 and amended , (c)(1), , .)

Editorial Notes

References in Text

act Mar. 24, 1943, ch. 22, § 257 Stat. 44act July 12, 1943, ch. 218, § 157 Stat. 434act June 24, 1954, ch. 359, title I, § 101(part)68 Stat. 293Pub. L. 85–857, § 14(82)72 Stat. 1272section 14(67) of Pub. L. 85–857Pub. L. 85–50772 Stat. 337section 12 of Pub. L. 85–857The 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 , , which was set out in chapter 12A of former Title 38, Pensions, Bonuses, and Veterans’ Relief. The appropriation for such fund made by , , was reduced by , , and repealed by , , . Part VII of Veterans Regulation Numbered 1(a) was repealed by , effective , which provided in part, that repeal of part VII should not take effect in such manner as to impair the operation of the deferred repeal of a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, , , . For continuation of certain rights and benefits see , set out as a note preceding part I of this title.

section 802 of Pub. L. 96–466section 3100 of this titleFor effective date of the Veterans’ Rehabilitation and Education Amendments of 1980, referred to in text, see , set out as an Effective Date note under .

Prior Provisions

section 5312 of this titlePrior section 3112 was renumbered .

section 1507 of this titlePub. L. 96–466Provisions similar to those comprising this section were contained in former prior to the general revision of this chapter by .

Amendments

Pub. L. 102–83section 1512 of this title1991— renumbered as this section and substituted “3108(b)” for “1508(b)”.

Pub. L. 101–2371989— substituted “Secretary” for “Administrator” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date; Veterans Pursuing Program of Vocational Rehabilitation Under This Chapter

Pub. L. 96–466, title I, § 101(a)94 Stat. 2181section 1507 of this titlePub. L. 96–466section 3100 of this titleSection effective , and during period beginning on , and ending on , the provisions of this section, as added by , , , shall apply to veterans pursuing a program of vocational rehabilitation training under this chapter in the same manner as former applied to veterans pursuing such a program under this chapter on , see section 802(a)(2), (4) of , set out as an Effective Date note under .