RETIREMENT HOME TRUST FUND

SEC. 1519. RETIREMENT HOME TRUST FUND (a) Establishment.— There is hereby established in the Treasury of the United States a trust fund to be known as the Armed Forces Retirement Home Trust Fund. The Fund shall consist of the following: (1) Such amounts as may be transferred to the Fund. (2) Moneys deposited in the Fund by the Retirement Home Board realized from gifts or from the disposition of property and facilities. (3) Amounts deposited in the Fund as monthly fees paid by residents of the Retirement Home under section 1514. (4) Amounts of fines and forfeitures deposited in the Fund under section 2772 of title 10, United States Code. (5) Amounts deposited in the Fund as deductions from the pay of enlisted members, warrant officers, and limited duty officers under section 1007(i) of title 37, United States Code. (6) Interest from investments made under subsection (c). (b) Availability and Use of Fund.— Amounts in the Fund shall be available solely for the operation of the Retirement Home. (c) Investments.— The Secretary of the Treasury may invest in obligations issued or guaranteed by the United States any monies in the Fund that the Director determines are not currently needed to pay for the operation of the Retirement Home. (d) Transitional Accounts.— (1) During the period beginning on the date of the enactment of this Act and ending on September 30, 1994, the Fund shall contain a separate account for each establishment of the Retirement Home. During that period, contributions shall be collected under subsection (a) for the account of the Naval Home for the purpose of achieving a trust fund five times the estimated annual operating budget of the Naval Home. (2) Beginning on the date of the enactment of this Act, funds required for the operation of the United States Soldiers’ and Airmen’s Home shall be drawn from the appropriate account. Beginning on October 1, 1991, funds required for the operation of the Naval Home shall be drawn from the account of the Naval Home. (3) During the period beginning on the date of the enactment of this Act and ending on September 30, 1994— 104 STAT. 1731 (A) amounts collected as monthly fees paid by residents of the Naval Home and amounts referred to in subsections (a)(4) and (a)(5) derived from enlisted members, warrant officers, and limited duty officers of the Navy, Marine Corps, and Coast Guard shall be credited to the account relating to that establishment; and (B) amounts collected as monthly fees paid by residents of the United States Soldiers’ and Airmen’s Home and amounts referred to in subsections (a)(4) and (a)(5) derived from members and warrant officers of the Army and Air Force shall be credited to the account relating to that establishment.