Whenever there is a general Federal pay increase, the Secretary shall increase the maximum monthly stipend amount, the maximum tuition reimbursement amount, the maximum Selected Reserve member stipend amount, the maximum employee incentive scholarship amount, the maximum education debt reduction payments amount, and the maximum specialty education loan repayment amount. Any such increase shall take effect with respect to any school year that ends in the fiscal year in which the pay increase takes effect.
(2)
The amount of any increase under paragraph (1) of this subsection is the previous maximum amount under that paragraph multiplied by the overall percentage of the adjustment in the rates of pay under the General Schedule made under the general Federal pay increase. Such amount shall be rounded to the next lower multiple of $1.
(b)
For purposes of this section:
(1)
section 7613(b) of this title The term “maximum monthly stipend amount” means the maximum monthly stipend that may be paid to a participant in the Scholarship Program specified in and as previously adjusted (if at all) in accordance with this section.
(2)
section 7622(e) of this title The term “maximum tuition reimbursement amount” means the maximum amount of tuition reimbursement provided to a participant in the Tuition Reimbursement Program specified in and as previously adjusted (if at all) in accordance with this section.
(3)
section 7653 of this title The term “maximum Selected Reserve member stipend amount” means the maximum amount of assistance provided to a person receiving assistance under subchapter V of this chapter, as specified in and as previously adjusted (if at all) in accordance with this section.
(4)
section 7673(b)(1) of this title The term “maximum employee incentive scholarship amount” means the maximum amount of the scholarship payable to a participant in the Department of Veterans Affairs Employee Incentive Scholarship Program under subchapter VI of this chapter, as specified in and as previously adjusted (if at all) in accordance with this section.
(5)
section 7683(d)(1) of this title The term “maximum education debt reduction payments amount” means the maximum amount of education debt reduction payments payable to a participant in the Department of Veterans Affairs Education Debt Reduction Program under subchapter VII of this chapter, as specified in and as previously adjusted (if at all) in accordance with this section.
(6)
The term “general Federal pay increase” means an adjustment (if an increase) in the rates of pay under the General Schedule under subchapter III of chapter 53 of title 5.
(7)
section 7694(c)(1) of this title The term “specialty education loan repayment amount” means the maximum amount of specialty education loan repayment payments payable to or for a participant in the Department of Veterans Affairs Specialty Education Loan Repayment Program under subchapter VIII of this chapter, as specified in and as previously adjusted (if at all) in accordance with this section.
Pub. L. 115–182, § 303(b)(1)(D)(i)2018—Subsec. (a)(1). , struck out “and” after “scholarship amount,” and inserted “, and the maximum specialty education loan repayment amount” after “reduction payments amount”.
Pub. L. 107–1352002—Subsec. (a)(1). , §§ 101(f)(1), 102(d)(1)(A), substituted “the maximum Selected Reserve member stipend amount, the maximum employee incentive scholarship amount, and the maximum education debt reduction payments amount” for “and the maximum Selected Reserve member stipend amount”.
Pub. L. 107–135, § 101(g)Subsec. (b)(1) to (3). , substituted “this section” for “this subsection” in pars. (1) to (3).
Pub. L. 102–54Pub. L. 102–40Subsec. (b)(4). amended subsec. (b)(4) as in effect immediately before the enactment of by substituting “chapter 53” for “chapter 51”.
Pub. L. 101–366, § 205(b)(1)1990—Subsec. (a)(1). , substituted “stipend amount,” for “stipend amount and” and “reimbursement amount, and the maximum Selected Reserve member stipend amount” for “reimbursement amount”.
“Section 4331 [now 7631] of title 38, United States Code, as added by subsection (b), shall not apply with respect to a school year ending during fiscal year 1988.”