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489

PUBLIC LAW 507-JULY 19, 1954

STAT.]

The bonus payable to a member who reenlists before completing a total of twenty years of active Federal service, but who will under that reenlistment complete more than twenty years of such service, is computed by using as a multiplier only that number of years which, when added to his previous service, totals twenty years. "(c) The cumulative amount which may be paid to a member under this section, or under this section and any other provision of law authorizing reenlistment bonuses, may not exceed $2,000. " (d) An officer of a uniformed service who reenlists in that service within ninety days after his release from active duty as an officer is entitled to a bonus computed according to the table in subsection (a), if he served in an enlisted status in that service immediately before serving as an officer. For the purpose of this subsection, the monthly basic pay (or appropriate fraction if the member received a bonus for a prior reenlistment) of the grade in which the member is enlisted (computed in accordance with the cumulative years of service of the member) is to be used in column 1 of the table set forth under subsection (a) instead of the monthly basic pay to which he was entitled at the time of his release from active duty as an officer. " (e) I n this section, 'reenlistment' means— "(1) an enlistment in a regular component of a uniformed service after compulsory or voluntary active duty in that service; or "(2) a voluntary extension of an enlistment for two or more years. " (f) Under such regulations as may be approved by the Secretary of Defense, or by the Secretary of the Treasury with respect to Coast Guard personnel, a member of a uniformed service who voluntarily, or because of his own misconduct, does not complete the term of enlistment for which he was paid a bonus under this section shall refund that percentage of the bonus that the unexpired part of his enlistment is of the total enlistment period for which the bonus was paid. " (g) The Secretary concerned may prescribe regulations for the administration of this section in his department." Approved July 16, 1954. Public Law 507

Limitation*

Officers.

"ReenlistmenU"'

Refund.

Regulations.

C HAPTER 536

AN ACT To incorporate the Board for P'undamental Education.

Be it enacted by the Seriate and House of Representatives of the United States of America in Congress assembled, That the following persons: Ernest R. Alexander, of Dallas, Texas; John R. Alford, of Henderson, Texas; William H. Book, of Indianapolis, Indiana; E. M. Dealey, of Dallas, Texas; A. Dale Fiers, of Indianapolis, Indiana; Fred F. Florence, of Dallas, Texas; E. B. Germany, of Dallas, Texas; Sam Gladney, of Dallas, Texas; Theodore B. Griffith, of Indianapolis, Indiana; O. H. Grissom, of Longview, Texas; Harry T. Ice, of Indianapolis, Indiana; J. C. Judge, of Mineola, Texas; George Kuhn, of Indianapolis, Indiana; Charles J. Lynn, of Indianapolis, Indiana; Eugene S. Pulliam, of Indianapolis, Indiana; C. B. Roberts, of Dallas, Texas; William L. Schloss, of Indianapolis, Indiana; Ben H. Wooten, of Dallas, Texas; and Joseph Zeppa, of Tyler, Texas; and their associates and successors are hereby created a body corporate by the name of Board for Fundamental Education (hereinafter referred to

July 19, 1954 [S. 1 796]

Board for Funda« mental Education. Incorporation.

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