38 USC § 3112 - Revolving fund loans

---
identifier: "/us/usc/t38/s3112"
source: "usc"
legal_status: "official_legal_evidence"
title: "38 USC § 3112 - Revolving fund loans"
title_number: 38
title_name: "VETERANS’ BENEFITS"
section_number: "3112"
section_name: "Revolving fund loans"
chapter_number: 31
chapter_name: "TRAINING AND REHABILITATION FOR VETERANS WITH SERVICE-CONNECTED DISABILITIES"
part_number: "III"
part_name: "READJUSTMENT AND RELATED BENEFITS"
positive_law: true
currency: "119-84"
last_updated: "2026-04-21"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 96–466, title I, § 101(a), Oct. 17, 1980, 94 Stat. 2181, § 1512; amended Pub. L. 101–237, title IV, § 423(b)(1)(A), Dec. 18, 1989, 103 Stat. 2092; renumbered § 3112 and amended Pub. L. 102–83, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406.)"
---


# § 3112. Revolving fund loans

section 3108(b) of this title

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 ) 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.

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**Source Credit**: (Added Pub. L. 96–466, title I, § 101(a), Oct. 17, 1980, 94 Stat. 2181, § 1512; amended Pub. L. 101–237, title IV, § 423(b)(1)(A), Dec. 18, 1989, 103 Stat. 2092; renumbered § 3112 and amended Pub. L. 102–83, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406.)

## 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 , , which was set out in chapter 12A of former Title 38, Pensions, Bonuses, and Veterans’ Relief. The appropriation for such fund made by , , was reduced by , , and repealed by , , . Part VII of Veterans Regulation Numbered 1(a) was repealed by , effective , 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, , , . For continuation of certain rights and benefits see , 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 , set out as an Effective Date note under .

### Prior Provisions

Prior section 3112 was renumbered .

Provisions similar to those comprising this section were contained in former  prior to the general revision of this chapter by .

### Amendments

1991— renumbered  as this section and substituted “3108(b)” for “1508(b)”.

1989— substituted “Secretary” for “Administrator” wherever appearing.

## Statutory Notes and Related Subsidiaries

### Effective Date; Veterans Pursuing Program of Vocational Rehabilitation Under This Chapter

Section effective , and during period beginning on , and ending on , the provisions of this section, as added by , , , shall apply to veterans pursuing a program of vocational rehabilitation training under this chapter in the same manner as former  applied to veterans pursuing such a program under this chapter on , see section 802(a)(2), (4) of , set out as an Effective Date note under .