Page:United States Statutes at Large Volume 114 Part 3.djvu/109

 PUBLIC LAW 106-398 —APPENDIX 114 STAT. 1654A-67 (e) LOAN LIMITS.— The maximum amount of loan principal guaranteed during a fiscal year under subsection (d) may not exceed— (1) $20,000,000, with respect to any single borrower; and (2) $320,000,000 with respect to all borrowers. (f) TRANSFER OF FUNDS. —The Secretary of the Army may transfer to an Administrator providing services under subsection (d), and the Administrator may accept, such funds as may be necessary to administer loan guarantees under such subsection. (g) REPORTING REQUIREMENTS.— (1) Not later than July 1 of each year in which a guarantee issued under subsection (d) is in effect, the Secretary of the Army shall submit to Congress a report specifying the amounts of loans guaranteed under such subsection during the preceding calendar year. No report is required after fiscal year 2002. (2) Not later than July 1, 2001, the Secretary of the Army shall submit to the congressional defense committees a report on the implementation of the demonstration program. The report shall contain a comprehensive review of contracting at the Army manufacturing arsenals covered by the program and such recommendations as the Secretary considers appropriate regarding changes to the program. SEC. 344. CODIFICATION AND IMPROVEMENT OF ARMAMENT RETOOL- ING AND MANUFACTURING SUPPORT PROGRAMS. (a) IN GENERAL. —(1) Part IV of subtitle B of title 10, United States Code, is amended by inserting after chapter 433 the following new chapter: "CHAPTER 434—ARMAMENTS INDUSTRIAL BASE "Sec. "4551. Definitions. ' " 4552. Policy. "4553. Armament Retooling and Manufacturing Support Initiative. " 4554. Property management contracts and leases. "4555. ARMS Initiative loan guarantee program. "§ 4551. Definitions "In this chapter: "(1) The term 'ARMS Initiative' means the Armament Retooling and Manufacturing Support Initiative authorized by this chapter. "(2) The term 'eligible facility' means a Government-owned, contractor-operated ammunition manufacturing facility of the Department of the Army that is in an active, inactive, layaway, or caretaker status. "(3) The term 'property manager' includes any person or entity managing an eligible facility made available under the ARMS Initiative through a property management contract. "(4) The term 'property management contract' includes facility use contracts, site management contracts, leases, and other agreements entered into under the authority of this chapter. "(5) The term 'Secretary' means the Secretary of the Army. "§4552. Policy "It is the policy of the United States—

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