1
 See Temporary Increase in Percentage of Value of Authorized Investment in Certain Privatized Military Housing Projects note below.
of the capital cost (as determined by the Secretary concerned) of the project or projects that the eligible entity proposes to carry out under this section with the investment.
Editorial Notes
Amendments

2013—Subsec. (e). Pub. L. 113–66 struck out subsec. (e). Text read as follows: “Amounts in the Department of Defense Family Housing Improvement Fund or the Department of Defense Military Unaccompanied Housing Improvement Fund may be used to make a cash investment under this section in an eligible entity only after the end of the 30-day period beginning on the date the Secretary of Defense submits written notice of, and justification for, the investment to the appropriate committees of Congress or, if earlier, the end of the 14-day period beginning on the date on which a copy of the notice and justification is provided in an electronic medium pursuant to section 480 of this title.”

2003—Subsec. (e). Pub. L. 108–136 inserted before period at end “or, if earlier, the end of the 14-day period beginning on the date on which a copy of the notice and justification is provided in an electronic medium pursuant to section 480 of this title”.

1999—Pub. L. 106–65, § 2803(h)(1), struck out “in nongovernmental entities” after “Investments” in section catchline.

Subsec. (a). Pub. L. 106–65, § 2803(d)(1), substituted “an eligible entity” for “nongovernmental entities”.

Subsec. (c). Pub. L. 106–65, § 2803(d)(2), substituted “an eligible entity” for “a nongovernmental entity” in pars. (1) and (2) and “the eligible entity” for “the entity” wherever appearing in pars. (1) and (2).

Subsec. (d). Pub. L. 106–65, § 2803(d)(3), substituted “eligible” for “nongovernmental”.

Subsec. (e). Pub. L. 106–65, § 2803(d)(4), substituted “an eligible entity” for “a nongovernmental entity”.

1997—Subsec. (e). Pub. L. 105–85 added subsec. (e).

Statutory Notes and Related Subsidiaries
Temporary Increase in Percentage of Value of Authorized Investment in Certain Privatized Military Housing Projects

Pub. L. 119–21, title II, § 20001(b), July 4, 2025, 139 Stat. 112, provided that:

“(1)
In general.—
During the period beginning on the date of the enactment of this section [July 4, 2025] and ending on September 30, 2029, the Secretary concerned shall apply—
“(A)
paragraph (1) of subsection (c) of section 2875 of title 10, United States Code, by substituting ‘60 percent’ for ‘33 ⅓ percent’; and
“(B)
paragraph (2) of such subsection by substituting ‘60 percent’ for ‘45 percent’.
“(2)
Secretary concerned defined.—
In this subsection, the term ‘Secretary concerned’ has the meaning given such term in section 101 of title 10, United States Code.”