Calendar No. 263

103D CONGRESS

1ST SESSION S. 1621

A BILL

To revise certain authorities relating to Pershing

Hall, France.

NOVEMBER 4 (legislative day, NOVEMBER 2), 1993

Placed on the calendar
II

Calendar No. 263

103D CONGRESS

1ST SESSION S. 1621

To revise certain authorities relating to Pershing Hall, France.

IN THE SENATE OF THE UNITED STATES

NOVEMBER 4 (legislative day, NOVEMBER 2), 1993

Mr. ROCKEFELLER, from the Committee on Veterans’ Affairs, reported the

following original bill; which was read twice and placed on the calendar

A BILL

To revise certain authorities relating to Pershing Hall,

France.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. REVISION OF AUTHORITY RELATING TO PER4 SHING HALL, FRANCE.

5 (a) INCREASE IN TRANSFER AUTHORITY.—Sub6 section (d)(2) of section 403 of the Veterans’ Benefits

7 Programs Improvement Act of 1991 (36 U.S.C.

8 493(d)(2)) is amended by striking out ‘‘$1,000,000’’ and

9 inserting in lieu thereof ‘‘$1,250,000’’.
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•S 1621 PCS

1 (b) DISPOSAL AUTHORITY.—Such section is further

2 amended—

3 (1) by redesignating subsection (e) as sub4 section (f); and

5 (2) by inserting after subsection (d) the follow6 ing new subsection (e):

7 ‘‘(e) DISPOSAL AUTHORITY.—(1) Subject to para8 graph (2), the Secretary of Veterans Affairs may sell or

9 otherwise dispose of all right, title, and interest of the

10 United States in and to Pershing Hall.

11 ‘‘(2) The Secretary may not sell or otherwise dispose

12 of Pershing Hall under this subsection unless the Sec13 retary determines that—

14 ‘‘(A) the sale or other disposal is in the best in15 terests of the United States; and

16 ‘‘(B) the consideration to be paid for such sale

17 or other disposal is acceptable.

18 ‘‘(3)(A) Except as provided in subparagraph (B), the

19 Secretary shall deposit in the general fund of the Treasury

20 of the United States an amount equal to the amount of

21 any cash consideration paid to the United States for the

22 sale or other disposal of Pershing Hall under this sub23 section.

24 ‘‘(B) The Secretary may utilize an amount not to ex25 ceed $250,000 of such cash consideration to recoup the
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•S 1621 PCS

1 cost of administrative expenses incurred by the Secretary

2 with respect to the sale or other disposal of Pershing

3 Hall.’’.

4 (c) CLOSING OF REVOLVING FUND UPON DISPOSAL

5 OF PERSHING HALL.—Subsection (d) of such section is

6 amended by adding at the end the following new para7 graph (7):

8 ‘‘(7) Upon sale or other disposal of all right, title,

9 and interest of the United States in and to Pershing Hall

10 under subsection (e), the Secretary shall—

11 ‘‘(A) pay out of funds in or proceeds from the

12 sale or redemption of interest-bearing obligations

13 credited to the Revolving Fund all outstanding liabil14 ities of the Revolving Fund, including any unpaid

15 expenses of the Revolving Fund and reimbursements

16 of any funds transferred to the Revolving Fund

17 under paragraph (2);

18 ‘‘(B) transfer any funds that remain in the Re19 volving Fund after the payment of the liabilities de20 scribed in subparagraph (A) into the general fund of

21 the Treasury of the United States; and

22 ‘‘(C) close the Revolving Fund.’’.