Page:United States Statutes at Large Volume 103 Part 2.djvu/1060

 103 STAT. 2070 PUBLIC LAW 101-237—DEC. 18, 1989 rities suitable to the needs of the Guaranty and Indemnity Fund, as determined by the Secretary of Veterans Affairs, and bearing in- terest at suitable rates, as determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturities. "(e)(1) Notwithstanding subsection (b) of this section, the Guar- anty and Indemnity Fund shall be available to the Secretary, to such extent as is, or in such amounts as are, provided for in appropriation Acts and subject to paragraph (2) of this subsection, for— Contracts. "(A) contracts for the performance of supplementary services described in paragraph (2) of section 1824(e) of this title for which the Secretary is otherwise authorized to contract; and "(B) the acquisition of supplementary equipment described in such paragraph, (not including services or equipment for which the Guaranty and Indemnity Fund is available under subsection (b) of this section), as the Secretary determines would assist in ensuring the long-term stability and solvency of the Guaranty and Indemnity Fund. "(2) The Secretary may not in any fiscal year obligate more than a total of $25,000,000 for services or equipment under this subsection and section 1824(e) of this title.". (2) Section 1824(e)(3) is amended— (A) by inserting "a total of before "$25,000,000"; and (B) by inserting "and section 1825(e) of this title" before the period. (3)(A) The section heading of section 1824 is amended to read as follows: "§ 1824. Loan Guaranty Revolving Fund". (B) The table of sections at the beginning of chapter 37 is amended by striking out the items relating to sections 1824 and 1825 and inserting in lieu thereof the following: "1824. Loan Guaranty Revolving Fund. "1825. Guaranty and Indemnity Fund.". (b) ANNUAL SUBMISSION OF INFORMATION. —(1) Subchapter III of chapter 37 is amended by adding at the end the following new section: "§ 1834. Annual submission of information on the Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund "(a) In the documents providing detailed information on the budget for the Department of Veterans Affairs that the Secretary submits to the Congress in conjunction with the President's budget submission for each fiscal year pursuant to section 1105 of title 31, United States Code, the Secretary shall include— "(1) a description of the operations of the Loan Guaranty Revolving Fund and the Guaranty and Indemnity Fund during the fiscal year preceding the fiscal year in which such budget is submitted; and "(2) the needs of such funds, if any, for appropriations in— "(A) the fiscal year in which the budget is submitted; and "(B) the fiscal year for which the budget is submitted.

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