Page 37 TITLE 24—HOSPITALS AND ASYLUMS § 420

AMENDMENTS

1996—Subsec. (f). Pub. L. 104–201 added subsec. (f) and

struck out heading and text of former subsec. (f). Text

read as follows:

‘‘(1) Until the date on which the Secretary of Defense

first appoints the Director for the establishment of the

Retirement Home known as the Naval Home, the Governor of the Naval Home shall operate that facility

consistent with this chapter and other laws applicable

to the Retirement Home.

‘‘(2) Until the date on which the Secretary of Defense

first appoints the Director for the facility of the Retirement Home known as the United States Soldiers’

and Airmen’s Home, the Governor of the United States

Soldiers’ and Airmen’s Home shall operate that establishment consistent with this chapter and other laws

applicable to the Retirement Home.’’

1991—Subsec. (f). Pub. L. 102–190 made technical

amendment to references to this chapter to correct reference to corresponding provision of original act.

EFFECTIVE DATE

Section effective one year after Nov. 5, 1990, see section 1541(a) of Pub. L. 101–510, set out as a note under

section 401 of this title.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 401 of this title.

§ 418. Inspection by Inspector General of Department of Defense

The Inspector General of the Department of

Defense shall—

(1) conduct, not later than three years after

the effective date specified in section 1541(a)

(and at six-year intervals thereafter), an inspection of the Retirement Home and the

records of the Retirement Home;

(2) cause the Inspector Generals of the military departments to conduct an inspection of

the Retirement Home and its records at sixyear intervals alternating with the inspections by the Inspector General of the Department of Defense so that each home is inspected every three years; and

(3) submit to the Retirement Home Board,

the Secretary of Defense, and Congress a report describing the results of the inspection

and containing such recommendations as the

Inspector General considers appropriate.

(Pub. L. 101–510, div. A, title XV, §1518, Nov. 5,

1990, 104 Stat. 1730.)

REFERENCES IN TEXT

For the effective date specified in section 1541(a), referred to in par. (1), see Effective Date note below.

EFFECTIVE DATE

Section effective one year after Nov. 5, 1990, see section 1541(a) of Pub. L. 101–510, set out as a note under

section 401 of this title.

§ 419. 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 414 of this title.

(4) Amounts of fines and forfeitures deposited in the Fund under section 2772 of title 10.

(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.

(6) Interest from investments made under

subsection (c) of this section.

(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 November

5, 1990, 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) of this section 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 November 5, 1990, 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 November

5, 1990, and ending on September 30, 1994—

(A) amounts collected as monthly fees paid

by residents of the Naval Home and amounts

referred to in subsections (a)(4) and (a)(5) of

this section 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) of this section derived from members and warrant officers of

the Army and Air Force shall be credited to

the account relating to that establishment.

(Pub. L. 101–510, div. A, title XV, §1519, Nov. 5,

1990, 104 Stat. 1730.)

EFFECTIVE DATE

Section effective Nov. 5, 1990, see section 1541(b) of

Pub. L. 101–510, set out as a note under section 401 of

this title.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 401 of this title.

§ 420. Disposition of effects of deceased persons;

unclaimed property

(a) Disposition of effects of deceased persons

The Director of each facility that is maintained as a separate establishment of the Retire-