Page:United States Statutes at Large Volume 114 Part 3.djvu/69

 PUBLIC LAW 106-398 —APPENDIX 114 STAT. 1654A-27 incremental funding planned for the nuclear refueling and complex overhaul of that vessel. (b) CONTRACT AUTHORITY. —The Secretary of the Navy is authorized to enter into a contract during fiscal year 2001 for the nuclear refueling and complex overhaul of the U.S.S. Dwight D. Eisenhower. (c) CONDITION FOR OUT-YEAR CONTRACT PAYMENTS.— ^A contract entered into under subsection (b) shall provide that any obligation of the United States to make a payment under the contract for a fiscal year cifter fiscal year 2001 is subject to the availability of appropriations for that purpose for that later fiscal year. SEC. 127. ANALYSIS OF CERTAIN SHIPBUILDING PROGRAMS. (a) ALTERNATIVE FUNDING ANALYSIS.—The Secretary of the Navy shall conduct an analysis on the potential benefits and risks associated with alternative funding mechanisms for the procurement of various classes of naval vessels and other naval capabilities beginning in fiscal year 2002. (b) ALTERNATIVE FUNDING MECHANISMS.— For purposes of this section, the term "alternative funding mechanism" means any of the following: (1) The use of multiyear procurement. (2) The use of advance procurement for block buys of materials in economic order quantities. (3) The use of advance procurement and advance construction required in the number of years appropriate to minimize the cost of ship construction. (4) The use of advance procurement and advance construction apportioned roughly evenly across some number of fiscal years. (5) The use of resources from the National Defense Sealift Fund to budget for auxiliary ships and strategic lift ships. (6) The use of the resources frpm the National Defense Sealift Fund to provide advance payments for national defense features to establish an active Ready Reserve Force. (c) REPORT.— The Secretary shall submit to the congressional defense committees a report providing the results of the analysis under subsection (a). The report shall be submitted concurrently with the submission of the President's budget for fiscal year 2002, but in no event later than February 5, 2001. The report shall include the following: (1) A detailed description of the funding mechanisms considered. (2) The potential savings or costs associated with each such funding mechanism. (3) The year-to-year effect of each such funding mechanism on production stability of other shipbuilding programs funded within the Shipbuilding and Conversion, Navy, account, given the current acquisition plan of the Navy through fiscal year 2010. (4) The variables and constants used in the analysis which should include economic, industrial base, and budget realities. (5) A description and discussion of any statutory or regulatory restrictions that would preclude the use of any of the funding mechanisms considered.

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