§ 3564. Annual Adjustment of Amounts of Educational Assistance

     With respect to any fiscal year, the Secretary shall provide a percentage increase (rounded to the nearest dollar) in the rates payable under sections 3532, 3534(b), and 3542(a) of this title equal to the percentage by which—

     (1) the Consumer Price Index (all items, United States city average) for the 12-month period ending on the June 30 preceding the beginning of the fiscal year for which the increase is made, exceeds

     (2) such Consumer Price Index for the 12-month period preceding the 12-month period described in paragraph (1).

(Added Pub. L. 106–419, title I, § 111(f)(1)(A), Nov. 1, 2000, 114 Stat. 1831.)

Effective Date

     Pub. L. 106–419, title I, § 111(f)(3), Nov. 1, 2000, 114 Stat. 1831, provided that: "Sections 3654 [3564] and 3687(d) of title 38, United States Code, as added by this subsection, shall take effect on October 1, 2001."