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Lawmakers back modest increase to veterans loan fund maximum to $8,000
Summary
The committee recommended a due-pass for HB 1135 to raise the maximum loan from the state Veterans Aid Loan Fund from $5,000 to $8,000; Commissioner Lonnie Wongen said the fund is revolving and self-sustaining and the increase reflects inflation and the national average for unsecured loans.
Representative Brandy Pyle introduced House Bill 1135 to raise the maximum loan amount available from the state Veterans Aid Loan Fund from $5,000 to $8,000. She said the fund is a revolving, non-general-fund program that helps veterans and surviving spouses with urgent financial needs.
Lonnie Wongen, Commissioner of Veterans Affairs, described the fund’s history (established in 1943) and operational…
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