Sec. 1202. Increase in size of the Special Defense Acquisition Fund
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/bill/114/s/2943/pap/section-1202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective on October 1, 2016, section 114(c)(1) of title 10, United States Code, is amended by striking $1,070,000,000 and inserting $2,000,000,000 . Before exercising authority for use of amounts in the Special Defense Acquisition Fund in excess of the size of that Fund as of September 30, 2016, by reason of the amendment made by subsection (a), the Secretary of Defense shall, with the concurrence of the Secretary of State, submit to the appropriate committees of Congress a report on the plan for the use of such amounts.
Not later than August 1 each year, the Secretary of Defense shall, with the concurrence of the Secretary of State, submit to the appropriate committees of Congress a detailed plan for the use of amounts in the Special Defense Acquisition Fund for the fiscal year beginning in the year in which such report is submitted. Not later than 30 days after the end of each fiscal quarter, the Secretary of Defense shall, with the concurrence of the Secretary of State, submit to the appropriate committees of Congress a report setting forth the inventory of defense articles and services acquired, possessed, and transferred through the Special Defense Acquisition Fund in such fiscal quarter.
In this subsection, the term appropriate committees of Congress has the meaning given that term in section 301(1) of title 10, United States Code (as added by section 1252(a)(3) of this Act).