38 U.S.C. § 3763: Native American Veteran…

Summary

Creates a Treasury fund called the Native American Veteran Housing Loan Program Account. Account: a new Treasury account for this housing loan program. The Secretary can use the account to make direct housing loans to Native American veterans and to pay related administrative costs. Money in the account does not expire. For loans under section 3762A, up to $5,000,000 may be used in fiscal year 2025, and after 2025 the Secretary may provide whatever amount is needed to meet demand.

Title 38, §3763

Veterans' Benefits, Source: USLM XML via OLRC

(a)There is hereby established in the Treasury of the United States an account known as the “Native American Veteran Housing Loan Program Account” (hereinafter in this subchapter referred to as the “Account”).

(b)The Account shall be available to the Secretary to carry out all operations relating to the making of direct housing loans to Native American veterans under this subchapter, including any administrative expenses relating to the making of such loans. Amounts in the Account shall be available without fiscal year limitation.

(c)Of amounts available in the Account, the Secretary may use for loans made under section 3762A of this title—

(1)in fiscal year 2025, not more than $5,000,000; and

(2)in any fiscal year after fiscal year 2025, an amount determined necessary by the Secretary to meet the demand for such loans.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2025—Subsec. (c). Pub. L. 118–210 added subsec. (c). 2001—Subsec. (a). Pub. L. 107–14 substituted “hereinafter” for “hereafter”. 1998—Pub. L. 105–368 substituted “Native American Veteran Housing Loan Program Account” for “Housing loan program account” in section catchline.

Statutory Notes and Related Subsidiaries

Effective Date

of 1998 AmendmentAmendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.

§3763 Native American Veteran Housing Loan Program Account