Page:United States Statutes at Large Volume 96 Part 1.djvu/847

 PUBLIC LAW 97-253—SEPT. 8, 1982

96 STAT. 805

FEE FOR HOME LOANS

SEC. 406. (a)(1) Subchapter III of chapter 37 of title 38, United States Code, is amended by adding at the end the following new section: "§ 1829. Loan fee 38 USC 1829. "(a) Except as provided in subsection (b) of this section, a fee shall be collected from each veteran obtaining a housing loan guaranteed, made, or insured under this chapter, and no such loan may be guaranteed, made, or insured under this chapter until the fee payable with respect to such loan has been remitted to the Administrator. The amount of the fee shall be one-half of one percent of the total loan amount. The amount of the fee may be included in the loan to the veteran and paid from the proceeds thereof. "0)) A fee may not be collected under this section from a veteran who is receiving compensation (or who but for the receipt of retirement pay would be entitled to receive compensation) or from a surviving spouse described in section 18010t)X2) of this title. 95 Stat. 1059. "(c) Fees collected under this section shall be deposited into the 38 USC 1801. Treasury of the United States as miscellaneous receipts. "(d) A fee may not be collected under this section with respect to any loan closed after September 30, 1985.". (2) The table of sections at the beginning of such chapter is amended by inserting after the item relating to section 1828 the following new item: "1829. Loan fee.".

(b) Section 1829 of title 38, United States Code, as added by subsection (a), shall apply only to loans closed after September 30, 1982.

38 USC 1829

note.

TITLE V—COMMERCE, SCIENCE, AND TRANSPORTATION FEDERAL COMMUNICATIONS COMMISSION

SEC. 501. (a) Upon expiration of the term of office as a member of Term expiration; the Federal Communications Commission, which is prescribed by °F^??, law to occur on June 30, 1982, any member appointed to fill such J;°TQr.°;^": office after such date shall be appointed for a term which ends on 47 USC 154 note. June 30, 1983, and such office shall be abolished on July 1, 1983. Upon expiration of the term of office as a member of such Commission, which— (1) is prescribed by law; (2) is in effect before the date of the enactment of this Act; and (3) is to occur on June 30, 1983; no person shall be appointed to fill such office after such date, and such office shall be abolished on July 1, 1983. (b)(1) Section 4(a) of the Communications Act of 1934 (47 U.S.C. 154(a)) is amended by striking out "seven" and inserting in lieu thereof "five". (2) The last sentence of section 4(b) of the Communications Act of 1934 (47 U.S.C. 154(b)) is amended to read as follows: "The maximum number of commissioners who may be members of the same political party shall be a number equal to the least number of commissioners

�