RECODIFICATION OF CERTAIN TITLE 10 PROVISIONS RELATING TO CONTRACT FINANCING FOR CERTAIN NAVY CONTRACTS.

SEC. 1876. RECODIFICATION OF CERTAIN TITLE 10 PROVISIONS RELATING TO CONTRACT FINANCING FOR CERTAIN NAVY CONTRACTS. (a) Recodification of Paragraph (1) of 10 u.s.c. 2307(g).—Chapter 863 of title 10, United States Code, is amended by inserting after section 8684 a new section 8684a consisting of— (1) a heading as follows: “SEC. 8684a. [10 U.S.C. 8684a] Repair, maintenance, or overhaul of naval vessels: rate for progress payments” ; and (2) a text consisting of the text of paragraph (1) of section 2307(g) of title 10, United States Code, revised by redesignating subparagraphs (A) and (B) as paragraphs (1) and (2), respectively. (b) Recodification of Paragraph (3).—Such chapter is further amended by inserting after section 8688 a new section 8688a consisting of— (1) a heading as follows: “SEC. 8688a. [10 U.S.C. 8688a] Construction and conversion of naval vessels: liens” ; and (2) a text consisting of the text of paragraph (3) of section 2307(g) of such title. (c) Recodification of Paragraph (2).—Subsection (c) of section 8702 of such title is amended— (1) by striking the first two words of the subsection heading; and (2) by striking the text of that subsection and inserting the text of paragraph (2) of section 2307(g) of such title, amended by striking “this paragraph” in the second sentence and inserting “this subsection”. (d) [10 U.S.C. 8661] Clerical Amendments.—The table of sections at the beginning of chapter 863 of such title is amended— (1) by inserting after the item relating to section 8684 the following new item: “8684a. Repair, maintenance, or overhaul of naval vessels: rate for progress payments.” ; (2) by inserting after the item relating to section 8688 the following new item: “8688a. Construction and conversion of naval vessels: liens.” . (e) Conforming Repeal.—Section 2307(g) of such title is repealed.