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Code · BILL · 113th Congress · S. 2410 (Placed on Calendar Senate) — To authorize appropriations for fiscal year 2015 for military activities of the Department of Defense, for military c... · Sec. 1002

Sec. 1002. National Sea-Based Deterrence Fund

290 words·~1 min read·/bill/113/s/2410/pcs/section-1002·

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Chapter 131 of title 10, United States Code, is amended by inserting after section 2218 the following new section: There is established in the Treasury of the United States a fund to be known as the National Sea-Based Deterrence Fund . The Secretary of Defense shall administer the Fund consistent with the provisions of this section. Funds in the Fund shall be available for obligation and expenditure only for construction (including design of vessels), purchase, alteration, and conversion of national sea-based deterrence vessels.
There shall be deposited in the Fund all funds appropriated to the Department of Defense for construction (including design of vessels), purchase, alteration, and conversion of national sea-based deterrence vessels. The construction, purchase, alteration, or conversion of national sea-based deterrence vessels with funds in the Fund pursuant to subsection
(c)shall be conducted in United States shipyards. No part of an appropriation that is deposited in the Fund pursuant to subsection
(d)shall remain available for obligation more than five years after the end of fiscal year for which appropriated except to the extent specifically provided by law. Budget requests submitted to Congress for the Fund shall separately identify the amount requested for programs, projects, and activities for construction (including design of vessels), purchase, alteration, and conversion of national sea-based deterrence vessels. In this section: The term Fund means the National Sea-Based Deterrence Fund established by subsection (a). The term national sea-based deterrence vessel means any vessel owned, operated, or controlled by the Department of Defense that carries operational intercontinental ballistic missiles. . The table of sections at the beginning of chapter 131 of such title is amended by inserting after the item relating to section 2218 the following new item: 2218a. National Sea-Based Deterrence Fund. .
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