OVERSIGHT OF DEFENSE BUSINESS OPERATIONS FUND.

SEC. 311. OVERSIGHT OF DEFENSE BUSINESS OPERATIONS FUND. (a) Extension of Authority.— Section 316(a) of the National Defense Authorization Act for Fiscal Years 1992 and 1993 (10 U.S.C. 2208 note) is amended by striking out “During the period” and all that follows through “December 31, 1994, the” and inserting in lieu thereof “The”. (b) Purchase From Other Sources.— The Secretary of Defense or the Secretary of a military department may purchase goods and services that are available for purchase from the Defense Business Operations Fund from a source other than the Fund if the Secretary determines that such source offers a more competitive rate for the goods and services than the Fund offers. (c) Limitation on Inclusion of Certain Costs in DBOF Charges.— A charge imposed for a good or service provided through the Fund may not include amounts necessary to cover costs incurred in connection with the closure or realignment of a military installation. (d) Procedures for Accumulation of Funds.— The Secretary of Defense shall establish billing procedures to ensure that the balance in the Fund does not exceed the amount necessary to provide for the working capital requirements of the Fund, as determined by the Secretary. (e) Annual Reports and Budget.— The Secretary of Defense shall annually submit to the congressional defense committees, at the same time that the President submits the budget under section 1105 of title 31, United States Code, the following: 108 STAT. 2709 (1) A detailed report that contains a statement of all receipts and disbursements of the Fund (including such a statement for each subaccount of the Fund) for the year for which the report is submitted. (2) A detailed proposed budget for the operation of the Fund for the fiscal year for which the budget is submitted. (3) A comparison of the amounts actually expended for the operation of the Fund for the previous fiscal year with the amount proposed for the operation of the Fund for that fiscal year in the budget. (f) Implementation of Improvement Plan.— (1) Not later than February 1, 1995, the Secretary of Defense shall submit to the congressional defense committees a report on the progress made in implementing the Defense Business Operations Fund Improvement Plan, dated September 1993. The report shall describe the progress made in reaching the milestones established in the plan and provide an explanation for any failure to meet any such milestone. The Secretary shall submit a copy of the report to the Comptroller General of the United States at the same time that the Secretary submits the report to the congressional defense committees. (2) The Comptroller General shall monitor and evaluate the progress of the Department of Defense in developing and implementing the improvement plan referred to in paragraph (1). (3) Not later than March 1, 1995, the Comptroller General shall submit to the congressional defense committees a report containing the following: (A) An evaluation of the progress report submitted to the congressional defense committees by the Secretary of Defense pursuant to paragraph (1). (B) The findings and conclusions of the Comptroller General resulting from the monitoring and evaluation conducted under paragraph (2). (C) Any recommendations for legislation or administrative action concerning the Fund that the Comptroller General considers appropriate. (g) Definition.— In this section, the term “Fund” means the Defense Business Operations Fund.