A bill to amend title 38, United States Code, to provide for the payment by the Veteran's Administration of special assessments levied against the real property of any veteran, or the surviving spouse of any veteran, with a permanent and total service-connected disability, to establish a Federal lien on such property for the amount of such payment, and for other purposes.

Provides for the payment by the Veterans' Administration of special assessments levied by a local government against the home of any veteran, or the surviving spouse of any veteran, with a permanent and total service-connected disability.

Stipulates that such payment shall create a lien against such home for the amount of such Federal payment.

Establishes in the Treasury of the United States the Veterans' Administration Local Special Assessment Payment Revolving Fund for payments under this Act.