112 STAT. 3346
PUBLIC LAW 105-368—NOV. 11, 1998
"(d) Amounts deposited into the Fund under paragraphs (2)
and (3) of subsection (c) shall be deposited in the appropriate
financing or liquidating account of the Fund.
"(e) For purposes of this section, the term 'housing loan' shall
not include a loan made pursuant to subchapter V of this chapter.".
38 USC 3722
(b) TRANSFERS OF AMOUNTS INTO VETERANS HOUSING BENEFIT
note.
PROGRAM FUND. —All amounts in the following funds are hereby
transferred to the Veterans Housing Benefit Program Fund:
(1) The Direct Loan Revolving Fund, as such fund was
continued under section 3723 of title 38, United States Code
(as such section was in effect on the day before the effective
date of this title).
(2) The Department of Veterans Affairs Loan Guaranty
Revolving Fund, as established by section 3724 of such title
(as such section was in effect on the day before the effective
date of this title).
(3) The Guaranty and Indemnity Fund, as established by
section 3725 of such title (as such section was in effect on
the day before the effective date of this title).
(c) REPEAL OF AUTHORITY TO SELL PARTICIPATION CERTIFICATES
AND OF OBSOLETE REQUIREMENT TO CREDIT PROCEEDS. —
(1) REPEAL OF AUTHORITY TO SELL PARTICIPATION
CERTIFICATES.— Section 3720 is amended by striking subsection
(e).
(2) REPEAL OF OBSOLETE REQUIREMENT TO CREDIT
PROCEEDS.— Section 3733 is amended by striking subsection
(e).
(d) SUBMISSION OF SUMMARY FINANCIAL STATEMENT ON
HOUSING PROGRAMS.— Section 3734 is amended by adding at the
end the following new subsection:
"(c) The information submitted under subsection (a) shall
include a statement that summarizes the financial activity of each
of the housing programs operated under this chapter. The statement
shall be presented in a form that is simple, concise, and readily
understandable, and shall not include references to financing
accounts, liquidating accounts, or program accounts.".
(e) CONFORMING AND CLERICAL AMENDMENTS. —
(1) CONFORMING AMENDMENTS TO CHAPTER 37,—Chapter
37 is amended as follows:
(A) Section 3703(e)(1) is amended by striking
"3 729(c)(1)" and inserting "3729(c)".
(B) Section 3711(k) is amended by striking "and section
3723 of this title" both places it appears.
(C) Section 3727(c) is amended by striking "funds
established pursuant to sections 3723 and 3724 of this
title, as applicable" and inserting "fund established pursuant to section 3722 of this title".
(D) Section 3729 is amended—
(i) in subsection (c)—
(I) by striking "(c)(1)" and inserting "(c)"; and
(II) by striking paragraphs (2) and (3); and
(ii) in subsection (a)(1), by striking "(c)(1)" and
inserting "(c)".
(E) Section 3733(a)(6) is amended by striking "Department of Veterans Affairs Loan Guaranty Revolving Fund
established by section 3724(a)" and inserting 'Veterans
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