§431. Transfer of trust funds relating to Naval Home and Soldiers' and Airmen's Home

(a) Initial transfer

(1) On November 5, 1990, all monies in the funds named in paragraph (2) shall be transferred to the appropriate account in the Armed Forces Retirement Home Trust Fund, and those funds shall terminate.

(2) The funds referred to in paragraph (1) are the following:

(A) Soldiers' Home, permanent fund, referred to in paragraph (59) ¹ of section 1321(a) of title 31.

(B) Soldiers' Home, interest fund, referred to in paragraph (81) ¹ of such section.

(C) Personal funds of deceased inmates, Naval Home, referred to in paragraph (5) ¹ of such section.

(D) Any new category of funds created for the Naval Home or the United States Soldiers' and Airmen's Home before November 5, 1990.

(b) Subsequent transfers

After the termination of the funds referred to in subsection (a) of this section, any monies that would be deposited into one of those funds but for the termination of that fund under subsection (a) of this section shall be deposited into the Armed Forces Retirement Home Trust Fund.

( Pub. L. 101–510, div. A, title XV, §1531, Nov. 5, 1990, 104 Stat. 1732 .)

References in Text

Paragraphs (59) and (81) of section 1321(a) of title 31, referred to in subsec. (a)(2)(A), (B), were repealed by Pub. L. 101–510, div. A, title XV, §1533(c)(1)(A)(ii), Nov. 5, 1990, 104 Stat. 1735 .

Paragraph (5) of section 1321(a) of title 31, referred to in subsec. (a)(2)(C), was amended generally by Pub. L. 101–510, div. A, title XV, §1533(c)(1)(A)(i), Nov. 5, 1990, 104 Stat. 1735 , and as so amended no longer relates to personal funds of deceased inmates, Naval Home.

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.

¹ See References in Text note below.