SELECTIVE REENLISTMENT BONUSES

SEC. 625. SELECTIVE REENLISTMENT BONUSES (a) In General.—Paragraph (1) of section 308(b) of title 37, United States Code, is amended to read as follows: “(1) Bonus payments authorized under this section may be paid in either a lump sum or in installments. If the bonus is paid in installments, the initial payment shall be not less than 50 percent of the total bonus amount. (b) Effective Date.— The amendment made by subsection (a) shall apply with respect to bonuses paid for reenlistment or extension of enlistment agreements entered into after September 30, 1987.