US Code

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

38 U.S.C. § 3722

Veterans Housing Benefit Program Fund

(a)
There is hereby established in the Treasury of the United States a fund known as the Veterans Housing Benefit Program Fund (hereinafter in this section referred to as the “Fund”).
(b)
The Fund shall be available to the Secretary, without fiscal year limitation, for all housing loan operations under this chapter, other than administrative expenses, consistent with the Federal Credit Reform Act of 1990.
(c)
There shall be deposited into the Fund the following, which shall constitute the assets of the Fund:
(1)
Any amount appropriated to the Fund.
(2)
section 3729 of this title Amounts paid into the Fund under or any other provision of law or regulation established by the Secretary imposing fees on persons or other entities participating in the housing loan programs under this chapter.
(3)
All other amounts received by the Secretary on or after , incident to housing loan operations under this chapter, including—
(A)
collections of principal and interest on housing loans made by the Secretary under this chapter;
(B)
proceeds from the sale, rental, use, or other disposition of property acquired under this chapter;
(C)
proceeds from the sale of loans pursuant to sections 3720(h) and 3733(a)(3) of this title; and
(D)
section 3710(g)(4)(B) of this title penalties collected pursuant to .
(d)
Amounts deposited into the Fund under paragraphs (2) and (3) of subsection (c) shall be deposited in the appropriate financing or liquidating account of the Fund.
(e)
For purposes of this section, the term “housing loan” shall not include a loan made pursuant to subchapter V of this chapter.

Pub. L. 105–368, title VI, § 602(a)(2)112 Stat. 3345Pub. L. 107–14, § 8(a)(16)115 Stat. 35(Added , , ; amended , , .)

Editorial Notes

References in Text

Pub. L. 93–344Pub. L. 101–508, title XIII, § 13201(a)104 Stat. 1388–609section 621 of Title 2The Federal Credit Reform Act of 1990, referred to in subsec. (b), is title V of , as added by , , , which is classified generally to subchapter III (§ 661 et seq.) of chapter 17A of Title 2, The Congress. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Prior Provisions

Pub. L. 102–83, § 5(a)105 Stat. 406Pub. L. 85–85772 Stat. 1214Pub. L. 89–358, § 5(c)88 Stat. 26Pub. L. 89–623, § 180 Stat. 873Pub. L. 90–301, § 2(b)82 Stat. 113Pub. L. 93–56988 Stat. 1866Prior to renumbering of sections 1801 to 1851 of this chapter as sections 3701 to 3751 by , , , section 1822 of this chapter, , , ; , , ; , , ; , , , which provided for bringing of an action in district court, by veteran or Attorney General, against one who knowingly participated in sale of property to a veteran for consideration in excess of reasonable value of property, was repealed by , §§ 7(a), 10, , , 1867, effective .

Amendments

Pub. L. 107–142001—Subsec. (a). substituted “hereinafter” for “hereafter”.

Statutory Notes and Related Subsidiaries

Effective Date

section 602(f) of Pub. L. 105–368section 2106 of this titleSection effective , see , set out as an Effective Date of 1998 Amendment note under .

Transfers of Amounts Into Veterans Housing Benefit Program Fund

Pub. L. 105–368, title VI, § 602(b)112 Stat. 3346

“All amounts in the following funds are hereby transferred to the Veterans Housing Benefit Program Fund:
“(1)
section 3723 of title 38 The Direct Loan Revolving Fund, as such fund was continued under , United States Code (as such section was in effect on the day before the effective date of this title []).
“(2)
The Department of Veterans Affairs Loan Guaranty Revolving Fund, as established by section 3724 of such title (as such section was in effect on the day before the effective date of this title).
“(3)
The Guaranty and Indemnity Fund, as established by section 3725 of such title (as such section was in effect on the day before the effective date of this title).”
, , , provided that: