Page:United States Statutes at Large Volume 101 Part 2.djvu/339

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PUBLIC LAW 100-000—MMMM. DD, 1987

PUBLIC LAW 100-198—DEC. 21, 1987

101 STAT. 1325

(b) CONFORMING AMENDMENT.—Section 18100)) is amended—

(1) in paragraph (5), by striking out "by the Administrator" and inserting in lieu thereof "pursuant to section 1831 of this title"; and (2) by striking out the final sentence. SEC. 12. SEQUESTRATION EXEMPTION.

(a) IN GENERAL.—Section 113 is amended— (1) in subsection (a), by adding at the end the following new clause: "(6) Benefits under subchapters I, II, and III of chapter 37 of this title, relating to housing loans for certain veterans and for the spouses and surviving spouses of certain veterans."; (2)(A) by striking out subsection (e); and (B) by redesignating subsections (f) and (g) as (e) and (f), respectively; and (3) in subsection (c)(2), by striking out "34, or 36" and inserting in lieu thereof "31, 34, 35, or 36". (b) EFFECTIVE DATE.—The amendments made by subsection (a) 38 USC 113 note. shall take effect on November 19, 1987. SEC. 13. DETERMINATION OF MINIMUM RESIDUAL INCOME.

Paragraph (3) of section 1810(g) is amended by adding at the end the following new sentence: "If the procedures described in clause (C) of this paragraph include standards for evaluating residual income, the Administrator shall, in establishing such standards, give appropriate consideration to State statistics (in States as to which the Administrator determines that such statistics are reliable) pertinent to residual income and the cost of living in the State in question rather than in a larger region.". SEC. 14 MARKETING ERTIES.

VETERANS'

ADMINISTRATION-ACQUIRED

PROP-

Section 1832 is amended— (1) by inserting "(a)" before "The"; and (2) by adding at the end the following new subsection: "(b) For the purpose of facilitating the most expeditious sale, at the highest possible price, of real property acquired by the Administrator as the result of a default on a loan guaranteed, insured, or made under this chapter, the Administrator shall list all such property with real estate brokers under such arrangements as the Administrator determines to be most appropriate and cost effective.". Approved December 21, 1987.

LEGISLATIVE HISTORY—H.R. 2672 (S. 1801): HOUSE REPORT: No. 100-257 (Comm. on Veterans' Affairs). SENATE REPORT: No. 100-204 accompanying S. 1801 (Comm. on Veterans' Affairs). CONGRESSIONAL RECORD, Vol. 133 (1987): Aug. 3, considered and passed House. Oct. 30, considered and passed Senate, amended, in lieu of S. 1801. Nov. 17, House concurred in Senate amendments with amendments. Dec. 4, Senate concurred in House amendments.