BASE CLOSURE ACCOUNT MANAGEMENT FLEXIBILITY.

SEC. 2921. BASE CLOSURE ACCOUNT MANAGEMENT FLEXIBILITY. (a) Base Closures Under 1988 Act.—Section 207(a) of the Defense Authorization Amendments and Base Closure and Realignment Act (title II of Public Law 100–526; 10 U.S.C. 2687 note) is amended by adding at the end the following new paragraph: “(7) Proceeds received after September 30, 1995, from the transfer or disposal of any property at a military installation closed or realigned under this title shall be deposited directly into the Department of Defense Base Closure Account 1990 established by section 2906(a) of the Defense Base Closure and Realignment Act of 1990 (part A of title XXIX of Public Law 101–510; 10 U.S.C. 2687 note).”. (b) Base Closures Under 1990 Act.—Section 2906 of the Defense Base Closure and Realignment Act of 1990 (part A of title XXIX of Public Law 101–510; 10 U.S.C. 2687 note) is amended— (1) in subsection (a)(2)— (A) by striking out “and” at the end of subparagraph (B); (B) by striking out the period at the end of subparagraph (C) and inserting in lieu thereof “; and”; and (C) by adding at the end the following new subparagraph: “(D) proceeds received after September 30, 1995, from the transfer or disposal of any property at a military installation closed or realigned under title II of the Defense Authorization Amendments and Base Closure and Realignment Act (Public Law 100–526; 10 U.S.C. 2687 note).”; and (2) in subsection (b), by striking out paragraph (1) and inserting in lieu thereof the following new paragraph: “(1) The Secretary may use the funds in the Account only for the purposes described in section 2905 or, after September 30, 1995, for environmental restoration and property management and disposal at installations closed or realigned under title II of the Defense Authorization Amendments and Base Closure and Realignment Act (Public Law 100–526; 10 U.S.C. 2687 note).”. (c) Technical Correction.—Paragraphs (2) and (3) of section 2906(c) of the Defense Base Closure and Realignment Act of 1990 (part A of title XXIX of Public Law 101–510; 10 U.S.C. 2687 note) are each amended by striking out “after the termination of the Commission” and inserting in lieu thereof “after the termination 107 STAT. 1930of the authority of the Secretary to carry out a closure or realignment under this part”.