38 USC § 8165 - Use of proceeds

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(a)

(1) Funds received by the Department under an enhanced-use lease and remaining after any deduction from those funds under subsection (b) shall be deposited in the Department of Veterans Affairs Medical Care Collections Fund established under section 1729A of this title.

(2) Funds received by the Department from a disposal of leased property under section 8164 of this title shall be deposited in the Department of Veterans Affairs Capital Asset Fund established under section 8118 of this title.

(b) An amount sufficient to pay for any expenses incurred by the Secretary in any fiscal year in connection with an enhanced-use lease shall be deducted from the proceeds of the lease for that fiscal year and may be used by the Secretary to reimburse the account from which the funds were used to pay such expenses. The Secretary may use the proceeds from any enhanced-use lease to reimburse applicable appropriations of the Department for any expenses incurred in the development of additional enhanced-use leases.

Source

(Added Pub. L. 102–86, title IV, § 401(a),Aug. 14, 1991, 105 Stat. 421; amended Pub. L. 106–117, title II, § 208(d),Nov. 30, 1999, 113 Stat. 1568; Pub. L. 107–217, § 3(j)(6),Aug. 21, 2002, 116 Stat. 1301; Pub. L. 108–7, div. K, title I, § 113(d)(1),Feb. 20, 2003, 117 Stat. 483; Pub. L. 108–170, title II, § 202(c),Dec. 6, 2003, 117 Stat. 2048; Pub. L. 108–178, § 4(i)(2),Dec. 15, 2003, 117 Stat. 2642; Pub. L. 108–422, title IV, § 411(e)(4),Nov. 30, 2004, 118 Stat. 2390.)

Amendments

2004—Subsec. (a)(2). Pub. L. 108–422substituted “Department of Veterans Affairs Capital Asset Fund established under section 8118 of this title” for “nursing home revolving fund”.

2003—Subsec. (a)(1). Pub. L. 108–7substituted “Department of Veterans Affairs Medical Care Collections Fund established under section 1729A of this title” for “Department of Veterans Affairs Health Services Improvement Fund established under section 1729B of this title”.

Subsec. (a)(2). Pub. L. 108–170, § 202(c)(1), struck out “and remaining after any deduction from such funds under the laws referred to in subsection (c)” after “title”.

Subsec. (b). Pub. L. 108–170, § 202(c)(2), inserted at end “The Secretary may use the proceeds from any enhanced-use lease to reimburse applicable appropriations of the Department for any expenses incurred in the development of additional enhanced-use leases.”

Subsec. (c). Pub. L. 108–178struck out comma after “of title 40”.

Pub. L. 108–170, § 202(c)(3), struck out subsec. (c) which read as follows: “Subsection (a) does not affect the applicability of subchapter IV of chapter 5 of title 40 with respect to reimbursement of the Administrator of General Services for expenses arising from any disposal of property under section 8164 of this title.”

2002—Subsec. (c). Pub. L. 107–217substituted “subchapter IV of chapter 5 of title 40” for “section 204 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 485) or the Act of June 8, 1896 (40 U.S.C. 485a)”.

1999—Subsec. (a)(1). Pub. L. 106–117added par. (1) and struck out former par. (1) which read as follows: “Of the funds received by the Department under an enhanced-use lease and remaining after any deduction from such funds under subsection (b), 75 percent shall be deposited in the nursing home revolving fund established under section 8116 of this title and 25 percent shall be credited to the Medical Care Account of the Department for the use of the Department facility at which the property is located.”

Effective Date of 2003 Amendment

Amendment by Pub. L. 108–178effective Aug. 21, 2002, see section 5 ofPub. L. 108–178, set out as a note under section 5334 of Title 5, Government Organization and Employees.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Wednesday, December 26, 2012

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38 USC	Description of Change	Session Year	Public Law	Statutes at Large
§ 8165		2012	112-154 [Sec.] 211(f)	126 Stat. 1181

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38 USC § 8165 - Use of proceeds

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