Division A · Title I: Procurement · Subtitle C: Navy Programs
The Navy is allowed to use incremental funding, which means paying for parts over time, when buying long lead-time components for Virginia class submarines. This change updates a previous law to clarify that contracts for these parts can be funded in stages.
AI-generated from this section’s text — a quick orientation, not a substitute for the full text below. Not legal advice.
by redesignating subsections (b) through (d) as subsections (c) through (e), respectively; and
by inserting after subsection (a) the following:
In exercising the authority under subsection (a), the Secretary of the Navy may enter into incrementally funded contracts for the procurement of covered components that are long lead-time items.