UNIFORM FINANCIAL MANAGEMENT SYSTEM FOR DEPARTMENT OF DEFENSE TEST AND EVALUATION FACILITIES.

SEC. 233. UNIFORM FINANCIAL MANAGEMENT SYSTEM FOR DEPARTMENT OF DEFENSE TEST AND EVALUATION FACILITIES. (a) Requirement for System.—The Secretary of Defense shall implement a single financial management and accounting system for all test and evaluation facilities of the Department of Defense. The Secretary shall implement such system as soon as practicable, and shall establish the objective that such system be implemented not later than September 30, 2006. (b) System Features.—The system required by subsection (a) shall be designed to achieve, at a minimum, the following functional objectives: (1) Enable managers within the Department of Defense to compare the costs of carrying out test and evaluation activities in the various facilities of the military departments. (2) Enable the Secretary of Defense— (A) to make prudent investment decisions; and (B) to reduce the extent to which unnecessary costs of owning and operating test and evaluation facilities of the Department of Defense are incurred. (3) Enable the Department of Defense to track the total cost of test and evaluation activities. (4) Comply with the financial management architecture established by the Secretary.