COOPERATIVE MILITARY AIRLIFT AGREEMENTS.

SEC. 1311. COOPERATIVE MILITARY AIRLIFT AGREEMENTS. (a) Liquidation of Credits and Liabilities.—Section 2350c(a)(2) of title 10, United States Code, is amended by striking out all after “liquidated” and inserting in lieu thereof “as agreed upon by the parties. Liquidation shall be either by direct payment to the country that has provided the greater amount of transportation or by the providing of in-kind transportation services to that country. The liquidation shall occur on a regular basis, but not less often than once every 12 months.”. (b) Countries Eligible for Cooperative Agreements.—Section 2350c(e)(1) of such title is amended by striking out “or New Zealand” and inserting in lieu thereof “, New Zealand, Japan, and the Republic of Korea”.