CONTINUATION OF AUTHORITY TO USE DEPARTMENT OF DEFENSE BASE CLOSURE ACCOUNT 1990 FOR ACTIVITIES REQUIRED TO CLOSE OR REALIGN MILITARY INSTALLATIONS.

SEC. 2822. CONTINUATION OF AUTHORITY TO USE DEPARTMENT OF DEFENSE BASE CLOSURE ACCOUNT 1990 FOR ACTIVITIES REQUIRED TO CLOSE OR REALIGN MILITARY INSTALLATIONS. (a) Duration of Account.—Subsection (a) of 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 by adding at the end the following new paragraph: “(3) The Account shall be closed at the time and in the manner provided for appropriation accounts under section 1555 of title 31, United States Code. Unobligated funds which remain in the Account upon closure shall be held by the Secretary of the Treasury 113 STAT. 857until transferred by law after the congressional defense committees receive the final report transmitted under subsection (c)(2).”. (b) Effect of Continuation on Use of Account.—Subsection (b)(1) of such section is amended by adding at the end the following new sentence: “After July 13, 2001, the Account shall be the sole source of Federal funds for environmental restoration, property management, and other caretaker costs associated with any real property at military installations closed or realigned under this part or such title II.”. (c) Conforming Amendments.—Such section is further amended— (1) in subsection (c)— (A) by striking paragraph (2); and (B) by redesignating paragraph (3) as paragraph (2) and, in such paragraph, by inserting after “this part” the following: “and no later than 60 days after the closure of the Account under subsection (a)(3)”; and (2) in subsection (e), by striking “the termination of the authority of the Secretary to carry out a closure or realignment under this part” and inserting “the closure of the Account under subsection (a)(3)”.