‘‘(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 demoli-
tion, environmental remediation, maintenance and 
repair, improvements to facilitate the transfer, and 
administrative expenses. 
‘‘(B) Costs, including costs specified in subpara-
graph (A), associated with future transfers of prop-
erty under this section. 
‘‘(C) Costs associated with enhancing medical 
care services to veterans by improving, renovating, re-
placing, 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 subpara-
graph (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 justifica-
tion materials submitted to Congress for any fiscal year in
support of the President’s budget for that year for the De-
partment specification of the following: 
‘‘(1) The real property transfers to be undertaken 
in accordance with this section during that fiscal 
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 chap-
ter 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FUND.—(1) Section 8116 is repealed. 
(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 nurs-
ing 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 Veterans Affairs 
Capital Asset Fund established under section 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 
(B) by adding at the end the following new 
paragraph: 
‘‘(2) The Secretary may transfer real property under 
this section, or under section 8118 of this title if the Sec-
retary—
‘‘(A) places a notice in the real estate section of 
local newspapers and in the Federal Register of the 
Secretary’s intent to transfer that real property (in-
cluding land, structures, and equipment associated 
with the property); 
‘‘(B) holds a public hearing; 
‘‘(C) provides notice to the Administrator of 
General Services of the Secretary’s intention to trans-
fer that real property and waits for 30 days to elapse 
after providing that notice; and 
‘‘(D) after such 30-day period has elapsed, noti-
fies the congressional veterans’ affairs committees of 
the Secretary’s intention to dispose of the property 
and waits for 60 days to elapse from the date of that 
notice.’’. 
(3) Section 8164(a) is amended by inserting ‘‘8118 or’’ 
after ‘‘rather than under section’’. 
(4) Section 8165(a)(2) is amended by striking ‘‘nurs-
ing home revolving fund’’ and inserting ‘‘Capital Asset 
Fund established under section 8118 of this title’’. 
(f) CONTINGENT EFFECTIVENESS.—The amendments 
made by this section shall take effect at the end of the 30- 
day period beginning on the date on which the Secretary 
of Veterans Affairs certifies to Congress that the Secretary 
is in compliance with subsection (b) of section 1710B of