CODIFICATION AND REVISION OF LIMITATION ON LEASE OF VESSELS, AIRCRAFT, AND VEHICLES.

SEC. 3065. CODIFICATION AND REVISION OF LIMITATION ON LEASE OF VESSELS, AIRCRAFT, AND VEHICLES. (a) Limitation.— (1) Chapter 141 of title 10, United States Code, is amended by inserting after section 2401 the following new section: “§2401a. Lease of vessels, aircraft, and vehicles “The Secretary of Defense or the Secretary of a military department may not enter into any contract with a term of 18 months or more, or extend or renew any contract for a term of 18 months or more, for any vessel, aircraft, or vehicle, through a lease, charter, or similar agreement, unless the Secretary has considered all costs of such contract (including estimated termination liability) and has determined in writing that the contract is in the best interest of the Government.”. (2) The table of sections at the beginning of such chapter is amended by inserting after the item relating to section 2401 the following new item: “2401a. Lease of vessels, aircraft, and vehicles.”. (b) Repeal of Superseded Provision.— Section 9081 of Public Law 101–165 (103 Stat. 1147; 10 U.S.C. 2401 note) is repealed.