EXTENSION AND MODIFICATION OF CERTAIN BONUSES FOR RESERVE FORCES.

SEC. 612. EXTENSION AND MODIFICATION OF CERTAIN BONUSES FOR RESERVE FORCES. (a) Selected Reserve Reenlistment Bonus.—Section 308b(f) of title 37, United States Code, is amended by striking out “September 30, 1993” and inserting in lieu thereof “September 30, 1995”. (b) Selected Reserve Enlistment Bonus.—Section 308c of title 37, United States Code, is amended— (1) in subsection (b)— (A) by striking out “$2,000” in the material preceding paragraph (1) and inserting in lieu thereof “$5,000”; and (B) in paragraph (1), by striking out “one-half of the bonus shall be paid” and inserting in lieu thereof “an amount not to exceed one-half of the bonus may be paid”; (2) in subsection (e), by striking out “September 30, 1993” and inserting in lieu thereof “September 30, 1995”; and (3) by adding at the end the following new subsection: “(f) The total amount of expenditures under this section may not exceed $37,024,000 during fiscal year 1994.”. (c) Selected Reserve Affiliation Bonus.—Section 308e of title 37, United States Code, is amended— (1) in subsection (c)— (A) in paragraph (2), by striking out “fifth anniversary” in the second sentence and inserting in lieu thereof “sixth anniversary”; and (B) by adding at the end the following new paragraph: “(3) In lieu of the procedures set out in paragraph (2), the Secretary concerned may pay the bonus in monthly installments in such amounts as may be determined by the Secretary. Monthly payments under this paragraph shall begin after the first month of satisfactory service of the person and are payable only for those months in which the person serves satisfactorily. Satisfactory service shall be determined under regulations prescribed by the Secretary of Defense.”; and (2) in subsection (e), by striking out “September 30, 1993” and inserting in lieu thereof “September 30, 1995”. (d) Ready Reserve Enlistment and Reenlistment Bonus.—Section 308h(g) of title 37, United States Code, is amended by striking out “September 30, 1993” and inserting in lieu thereof “September 30, 1995”. (e) Prior Service Enlistment Bonus.—Section 308i(i) of title 37, United States Code, is amended by striking out “September 30, 1993” and inserting in lieu thereof “September 30, 1995”. 107 STAT. 1681 (f) Application of Certain Amendments.—The amendments made by subsections (a), (b), (d), and (e) shall take effect as of September 30, 1993, and shall apply with respect to an enlistment, reenlistment, or extension of an enlistment described in section 308b, 308c, 308h, or 308i of title 37, United States Code, occurring on or after that date. (g) Coverage of Period of Lapsed Agreement Authority.— (1) In the case of a person described in paragraph (2) who executes a reserve affiliation agreement under section 308e of title 37, United States Code, during the 90-day period beginning on the date of the enactment of this Act, the Secretary of the military department concerned may treat the agreement for purposes of the bonus authorized under such section as having been executed and accepted on the first date on which the person would have qualified for such an agreement had the amendment made by subsection (c)(2) taken effect on October 1, 1993. (2) A person referred to in paragraph (1) is a person described in section 308e(a) of title 37, United States Code, who, during the period beginning on October 1, 1993, and ending on the date of the enactment of this Act, would have qualified for a reserve affiliation agreement under such section had the amendment made by subsection (c)(2) taken effect on October 1, 1993.