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‘‘(3) To the extent provided in advance in appropria-
tions Acts, amounts in the Fund may be expended for the 
following purposes: 
‘‘(A) Costs associated with the transfer of real 
property under this section, including costs of demo-
lition, environmental remediation, maintenance and 
repair, improvements to facilitate the transfer, and 
administrative expenses. 
‘‘(B) Costs, including costs specified in sub-
paragraph (A), associated with future transfers of 
property under this section. 
‘‘(C) Costs associated with enhancing medical 
care services to veterans by improving, renovating, 
replacing, updating, and establishing patient care fa-
cilities through construction projects to be carried 
out for an amount less than the amount specified in 
8104(a)(3)(A) for a major medical facility project. 
‘‘(D) Costs, including costs specified in sub-
paragraph (A), associated with the transfer, lease or 
adaptive use of a structure or other property under 
the jurisdiction of the Secretary that is listed on the 
National Register of Historic Places. 
‘‘(c) The Secretary shall include in the budget jus-
tification materials submitted to Congress for any fiscal
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year in support of the President’s budget for that year 
for the Department specification of the following: 
‘‘(1) The real property transfers to be under-
taken in accordance with this section during that fis-
cal year. 
‘‘(2) All transfers completed under this section 
during the preceding fiscal year and completed and 
scheduled to be completed during the year during 
which the budget is submitted. 
‘‘(3) The deposits into, and expenditures from, 
the Fund that are incurred or projected for each of 
the preceding fiscal year, the current fiscal year, and 
the fiscal year covered by the budget.’’. 
(2) The table of sections at the beginning of such 
chapter is amended by inserting after the item relating 
to section 8117 the following new item: 
‘‘8118. Authority for transfer of real property; Capital Asset Fund.’’. 
(b) INITIAL AUTHORIZATION OF APPROPRIATIONS.— 
There is authorized to be appropriated to the Department 
of Veterans Affairs Capital Asset Fund established under 
section 8118 of title 38, United States Code (as added 
by subsection (a)), the amount of $10,000,000. 
(c) TERMINATION OF NURSING HOME REVOLVING 
FUND.—(1) Section 8116 is repealed.
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(2) The table of sections at the beginning of chapter 
81 is amended by striking the item relating to section 
8116. 
(d) TRANSFER OF UNOBLIGATED BALANCES TO CAP-
ITAL ASSET FUND.—Any unobligated balances in the 
nursing home revolving fund under section 8116 of title 
38, United States Code, as of the date of the enactment 
of this Act shall be deposited in the Department of Vet-
erans Affairs Capital Asset Fund established under sec-
tion 8118 of title 38, United States Code (as added by 
subsection (a)). 
(e) PROCEDURES APPLICABLE TO TRANSFERS.—(1) 
Paragraph (2) of section 8122(a) is amended to read as 
follows: 
‘‘(2) Except as provided in paragraph (3), the Sec-
retary may not during any fiscal year transfer to any other 
department or agency of the United States or to any other 
entity real property that is owned by the United States 
and administered by the Secretary unless the proposed 
transfer is described in the budget submitted to Congress 
pursuant to section 1105 of title 31 for that fiscal year.’’. 
(2) Section 8122(d) is amended— 
(A) by inserting ‘‘(1)’’ before ‘‘Real property’’; 
and