RECORDATION OF OBLIGATIONS FOR INSTALLMENT PAYMENTS OF INCENTIVE PAYS, ALLOWANCES, AND SIMILAR BENEFITS WHEN PAYMENT IS DUE.

SEC. 662. RECORDATION OF OBLIGATIONS FOR INSTALLMENT PAYMENTS OF INCENTIVE PAYS, ALLOWANCES, AND SIMILAR BENEFITS WHEN PAYMENT IS DUE. (a) In general.—Chapter 19 of title 37, United States Code, is amended by adding at the end the following new section: “SEC. 1015. [37 U.S.C. 1015 note] Recordation of installment payment obligations for incentive pays and similar benefits “(a) In general.—In the case of any pay, allowance, bonus, or other benefit described in subsection (b) that is paid to a member of the uniformed services on an installment basis, each installment payment shall be charged to appropriations that are available for obligation at the time such payment is payable. “(b) Covered Pay and Benefits.—Subsection (a) applies to any incentive pay, special pay, or bonus, or similar periodic payment of pay or allowances, or of educational benefits or stipends, that is paid to a member of the uniformed services under this title or title 10.” . (b) Clerical amendment.—The table of sections at the beginning of chapter 19 of such title is amended by adding at the end the following new item: “1015. Recordation of installment payment obligations for incentive pays and similar benefits.” .