CONTRACT AUTHORITY FOR FORD-CLASS AIRCRAFT CARRIER PROGRAM.

SEC. 124. CONTRACT AUTHORITY FOR FORD-CLASS AIRCRAFT CARRIER PROGRAM. (a) Contract Authority.—The Secretary of the Navy may enter into one or more contracts for the procurement of not more than two Ford-class aircraft carriers. (b) Authority for Advance Procurement and Economic Order Quantity.—The Secretary of the Navy may enter into one or more contracts for advance procurement, advance construction, and material and equipment in economic order quantities associated with the procurement of the Ford-class aircraft carriers for which contracts are authorized under subsection (a). (c) Use of Incremental Funding.—With respect to a contract entered into under subsection (a) or (b), the Secretary of the Navy may use incremental funding to make payments under the contract. (d) Liability.—Any contract entered into under subsection (a) or (b) shall provide that— (1) any obligation of the United States to make a payment under the contract is subject to the availability of appropriations for that purpose; and (2) the total liability of the Federal Government for termination of any contract entered into shall be limited to the total amount of funding obligated to the contract at time of termination.