INCREASE IN AMOUNT OF MONTGOMERY GI BILL BASIC EDUCATIONAL ASSISTANCE.

SEC. 301. INCREASE IN AMOUNT OF MONTGOMERY GI BILL BASIC EDUCATIONAL ASSISTANCE. (a) Amount of Benefit Payments Under Chapter 30 .— Section 3015 is amended— (1) in subsection (a)(1), by striking out “$300” and inserting in lieu thereof “$400”; and (2) in subsection (b)(1), by striking out “$250” and inserting in lieu thereof “$325”. 106 STAT. 4326 (b) Amount of Benefit Payments Under Selected Reserve Program.— Section 2131(b)(1) of title 10, United States Code, is amended— (1) in subparagraph (A), by striking out “$140” and inserting in lieu thereof “$190”; (2) in subparagraph (B), by striking out “$105” and inserting in lieu thereof “$143”; and (3) in subparagraph (C), by striking out “$70” and inserting in lieu thereof “$95”. (c) Conforming Amendments to Chapter 30 .— Section 3015(f) is amended— (1) by striking out paragraph (1); (2) by redesignating paragraph (2) as paragraph (1) and in that paragraph striking out “may continue to pay” and all that follows through “such rates” and inserting in lieu thereof “shall provide a percentage increase in the monthly rates payable under subsections (a)(1) and (b)(1) of this section”; and (3) by redesignating paragraph (3) as paragraph (2) and in that paragraph striking out “may” both places it appears and inserting in lieu thereof “shall”. (d) Conforming Amendments to Selected Reserve Program.— Section 2131(b)(2) of title 10, United States Code, is amended— (1) by striking out subparagraph (A); (2) by redesignating subparagraph (B) as subparagraph (A) and in that subparagraph striking out “may continue to pay” and all that follows through “such rates” and inserting in lieu thereof “shall provide a percentage increase in the monthly rates payable under subparagraphs (A), (B), and (C) of paragraph (1)”; and (3) by redesignating subparagraph (C) as subparagraph (B) and in that subparagraph striking out “may” both places it appears and inserting in lieu thereof “shall”. (e) Effective Date and Rule of Construction.— (1) The amendments made by this section shall take effect on April 1, 1993. (2) The amendments made by this section shall not be construed to change the account from which payment is made for that portion of a payment under chapter 30 of title 38, United States Code, or chapter 106 of title 10, United States Code, which is a Montgomery GI bill rate increase and a title III benefit is paid. For the purposes of this subsection, the terms “Montgomery GI bill rate increase” and “title III benefit” have the meanings provided in section 393 of the Persian Gulf Conflict Supplemental Authorization and Personnel Benefits Act of 1991 (105 Stat. 99).