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LegalText 38 U.S.C. § 3112 Revolving fund loans us united_states_code code_section 38 VETERANS BENEFITS 31 TRAINING AND REHABILITATION FOR VETERANS WITH SERVICE-CONNECTED DISABILITIES 3112 38 U.S.C. § 3112 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc38@119-100.zip /us/usc/t38/s3112 data/legal/raw/us/code/title-38/usc38.xml b9005341ba7af74e26a136e7d1652b0b8f94731b93041a391d0cd10ce8ae63b3 372998691b72ade88787dfa7633dbda4954bd1b037ec7926c5e06e9b1d17fc66 62f7ffc5e372791595c27bf2ca4d09cc6c61bb8baa0cd88c522c7fd37f8d3391 2026-07-04 official
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38 U.S.C. § 3112 - Revolving fund loans

Text

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.

(Added Pub. L. 96466, title I, § 101(a), Oct. 17, 1980, 94 Stat. 2181, § 1512; amended Pub. L. 101237, title IV, § 423(b)(1)(A), Dec. 18, 1989, 103 Stat. 2092; renumbered § 3112 and amended Pub. L. 10283, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406.)

Notes

Editorial Notes

References in TextThe 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1943, ch. 218, § 1, 57 Stat. 434, was reduced by act June 24, 1954, ch. 359, title I, § 101(part), 68 Stat. 293, and repealed by Pub.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. 85857, § 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. 85857, 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. 85507, July 7, 1958, 72 Stat. 337. For continuation of certain rights and benefits see section 12 of Pub. L. 85857, 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. 96466, set out as an Effective Date note under section 3100 of this title.

Prior ProvisionsPrior 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. 96466.

Amendments1991—Pub. L. 10283 renumbered section 1512 of this title as this section and substituted “3108(b)” for “1508(b)”. 1989—Pub. L. 101237 substituted “Secretary” for “Administrator” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date; Veterans Pursuing Program of Vocational Rehabilitation Under This ChapterSection 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. 96466, 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. 96466, set out as an Effective Date note under section 3100 of this title.