Title 38 — Veterans' BenefitsRelease 119-73
§3112 Revolving fund loans
Title 38 › Part PART III— - READJUSTMENT AND RELATED BENEFITS › Chapter CHAPTER 31— - TRAINING AND REHABILITATION FOR VETERANS WITH SERVICE-CONNECTED DISABILITIES › § 3112
Summary
Keeps the Part VII revolving fund in place. Under Secretary rules, the Secretary may make interest-free advances to veterans in rehabilitation up to twice the full-time institutional monthly subsistence allowance for a veteran with no dependents (see section 3108(b)); repayment is by deductions from future VA payments, and advances made before the 1980 Amendments are treated the same.
Full Legal Text
Title 38, §3112
Veterans' Benefits — Source: USLM XML via OLRC
The revolving fund established pursuant to part VII of Veterans Regulation Numbered 1(a) is continued in effect, and may be used by the Secretary, under regulations prescribed by the Secretary, for making advances, not in excess of twice the amount of the full-time institutional monthly subsistence allowance for a veteran with no dependents (as provided in section 3108(b) of this title) to veterans pursuing rehabilitation programs under this chapter. Such advances, and advances from such fund made before the effective date of the Veterans’ Rehabilitation and Education Amendments of 1980, shall bear no interest and shall be repaid in such installments, as may be determined by the Secretary, by proper deductions from future payments of compensation, pension, subsistence allowance, educational assistance allowance, or retirement pay.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The revolving fund established pursuant to part VII of Veterans Regulation Numbered 1(a), referred to in text, means the vocational rehabilitation revolving fund established by par. 8 of part VII of Veterans Regulation Numbered 1(a), as added by act Mar. 24, 1943, ch. 22, § 2, 57 Stat. 44, which was set out in chapter 12A of former Title 38, Pensions, Bonuses, and Veterans’ Relief. The appropriation for such fund made by act
July 12, 1943, ch. 218, § 1, 57 Stat. 434, was reduced by act
June 24, 1954, ch. 359, title I, § 101(part), 68 Stat. 293, and repealed by Pub. L. 85–857, § 14(82), Sept. 2, 1958, 72 Stat. 1272. Part VII of Veterans Regulation Numbered 1(a) was repealed by section 14(67) of Pub. L. 85–857, effective Jan. 1, 1959, which provided in part, that repeal of part VII should not take effect in such manner as to impair the operation of the deferred repeal of a portion of paragraph 9 of the part as provided in section 21 of the Government Employees Training Act, Pub. L. 85–507,
July 7, 1958, 72 Stat. 337. For continuation of certain rights and benefits see section 12 of Pub. L. 85–857, set out as a note preceding part I of this title. For
Effective Date
of the Veterans’ Rehabilitation and Education
Amendments
of 1980, referred to in text, see section 802 of Pub. L. 96–466, set out as an
Effective Date
note under section 3100 of this title.
Prior Provisions
Prior section 3112 was renumbered section 5312 of this title. Provisions similar to those comprising this section were contained in former section 1507 of this title prior to the general revision of this chapter by Pub. L. 96–466.
Amendments
1991—Pub. L. 102–83 renumbered section 1512 of this title as this section and substituted “3108(b)” for “1508(b)”. 1989—Pub. L. 101–237 substituted “Secretary” for “Administrator” wherever appearing.
Statutory Notes and Related Subsidiaries
Effective Date
Veterans Pursuing Program of Vocational Rehabilitation Under This Chapter Section effective Oct. 1, 1980, and during period beginning on Oct. 1, 1980, and ending on Mar. 31, 1981, the provisions of this section, as added by Pub. L. 96–466, title I, § 101(a), Oct. 17, 1980, 94 Stat. 2181, shall apply to veterans pursuing a program of vocational rehabilitation training under this chapter in the same manner as former section 1507 of this title applied to veterans pursuing such a program under this chapter on Sept. 30, 1980, see section 802(a)(2), (4) of Pub. L. 96–466, set out as an
Effective Date
note under section 3100 of this title.
Reference
Citations & Metadata
Citation
38 U.S.C. § 3112
Title 38 — Veterans' Benefits
Last Updated
Apr 6, 2026
Release point: 119-73