S.Amdt. 3302

1. Adds SEC. 1068. INCREASE IN MAXIMUM AMOUNT OF VETERANS HOME LOAN GUARANTY FOR CONSTRUCTION AND PURCHASE OF HOMES AND ANNUAL INDEXING OF AMOUNT at the end of subtitle G of title X

   Adds a section

   In S. 2400 · Placed on Calendar Senate

   "(5) Not later than the 15th day of the month following the beginning of the fiscal year (beginning with fiscal year 2005), the Secretary of the Treasury with respect to each Federal department, establishment, or agency receiving sanitary sewer services from the District of Columbia shall submit a report to the Committee on Government Reform of the House of Representatives, the Committee on Governmental Affairs of the Senate, and the Committees on Appropriations of the House of Representatives and Senate analyzing the promptness of payment with respect to the services furnished to such department, establishment, or agency.".

   Inserted: SEC. 1068. INCREASE IN MAXIMUM AMOUNT OF VETERANS HOME LOAN GUARANTY FOR CONSTRUCTION AND PURCHASE OF HOMES AND ANNUAL INDEXING OF AMOUNT.

   Inserted: (a) Maximum Loan Guaranty Based on 100 Percent of Freddie Mac Conforming Loan Rate.--Section 3703(a)(1) of title 38, United States Code, is amended by striking "$60,000" each place it appears in subparagraphs (A)(i)(IV) and (B) and inserting "the maximum guaranty amount (as defined in subparagraph (C))".

   Inserted: (b) Definition.--Such section is further amended by adding at the end the following new subparagraph:

   Inserted: "(C) In this paragraph, the term 'maximum guaranty amount' means the dollar amount that is equal to 25 percent of the Freddie Mac conforming loan limit limitation determined under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)) for a single-family residence, as adjusted for the year involved.".

   Original wording

   At the end of subtitle G of title X, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed