Sec. 2808. Treatment of leases of non-excess property entered into with insured depository institutions
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Section 2667 of title 10, United States Code, is amended — in subsection (b)(4), by striking amount that and inserting amount that, except as provided in subsection (c)(4), ; and in subsection (c), by adding at the end the following new paragraph: With respect to a lease under this section entered into with an insured depository institution (as defined under section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )) after the date of the enactment of the National Defense Authorization Act for Fiscal Year 2019, the Secretary concerned shall accept the financial services provided by the insured depository institution to members of the armed forces, civilian employees of the Department of Defense, and dependents of such members or employees as sufficient in-kind consideration to cover all lease, services, and utilities costs assessed with regard to the leased property.
With respect to a lease under this section which was entered into with an insured depository institution before the date of the enactment of the National Defense Authorization Act for Fiscal Year 2019, the Secretary concerned may renegotiate the terms of such lease to apply subparagraph
(A)to such lease as if such subparagraph were in effect at the time the Secretary entered into the lease. .
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Sec. 2808
Treatment of leases of non-excess property entered into with insured depository institutions
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