Page:United States Statutes at Large Volume 99 Part 1.djvu/949

 PUBLIC LAW 99-160—NOV. 25, 1985

99 STAT. 927

GRANTS FOR THE CONSTRUCTION OF STATE VETERANS CEMETERIES

For grants to aid States in establishing, expanding or improving State veterans cemeteries as authorized by law (38 U.S.C. 1008), $3,000,000, to remain available until September 30, 1988. GRANTS TO THE REPUBLIC OF THE PHIUPPINES

For payment to the Republic of the Philippines of grants, as authorized by law (38 U.S.C. 632), for assisting in the replacement and upgrading of equipment and in rehabilitating the physical plant and facilities of the Veterans Memorial Medical Center, $500,000, to remain available until September 30, 1987. DIRECT LOAN REVOLVING FUND

During 1986, within the resources available, not to exceed $1,000,000 in gross obligations for direct loans is authorized for specially adapted housing loans (38 U.S.C. chapter 37).

38 USC 1801 et seq.

LOAN GUARANTY REVOLVING FUND (INCLUDING TRANSFER OF FUNDS)

For expenses necessary to carry out Loan guaranty and insurance operations, as authorized by law (38 U.S.C. chapter 37, except 38 USC 1801 et administrative expenses, as authorized by section 1824 of such title), seq. $200,000,000, to remain available until expended. During 1986, the resources,of the Loan guaranty revolving fund shall be available for expenses for property acquisitions, payment of participation sales insufficiencies, and other loan guaranty and insurance operations, as authorized by law (38 U.S.C. chapter 37, except administrative expenses, as authorized by section 1824 of such title): Provided, That the unobligated balances, including retained earnings of the Direct loan revolving fund, shall be available, during 1986, for transfer to the Loan guaranty revolving fund in such amounts as may be necessary to provide for the timely payment of obligations of such fund, and the Administrator of Veterans Affairs shall not be required to pay interest on amounts so transferred after the time of such transfer. During 1986, with the resources available, gross obligations for direct loans and total commitments to guarantee loans are authorized in such amounts as may be necessary to carry out the purposes of the "Loan guaranty revolving fund". ADMINISTRATIVE PROVISIONS (INCLUDING TRANSFER OF FUNDS)

Not to exceed 5 per centum of any appropriation for 1986 for "Compensation and pensions", "Readjustment benefits", and "Veterans insurance and indemnities" may be transferred to any other of the mentioned appropriations, but not to exceed 10 per centum of the appropriations so augmented. Appropriations available to the Veterans Administration for 1986 for salaries and expenses shall be available for services as authorized by 5 U.S.C. 3109.

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