Sec. 882. Working capital fund for precision guided munitions exports in support of contingency operations
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The Secretary may establish a working capital fund under section 2208 of title 10, United States Code, to finance inventories of supplies of precision guided munitions in advance of partner and allied forces requirements to enhance the effectiveness of overseas contingency operations conducted or supported by the United States. There is authorized to be appropriated a total of $1,000,000,000 for fiscal years 2017 and 2018 for deposit in the fund established pursuant to subsection
(a)to procure and stock precision guided munitions anticipated to be needed by partner and allied forces to enhance the effectiveness of overseas contingency operations conducted or supported by the United States. The fund established pursuant to subsection
(a)may be replenished through purchases by foreign governments or the United States Government or subsequent appropriations. Nothing in this section shall be construed as precluding the Secretary of Defense from acquiring or utilizing precision guided munitions to meet immediate United States military requirements on a reimbursable basis that have been purchased and stored through the fund established pursuant to subsection (a). The fund established pursuant to subsection
(a)and associated inventories of precision guided munitions shall be managed by the Defense Logistics Agency and the Joint Chiefs of Staff to optimize the storage, distribution, and deployment of such precision guided munitions to improve the capability of partner and allied forces to contribute to overseas contingency operations conducted or supported by the United States.