PUBLIC LAW 102-484—OCT. 23, 1992 106 STAT. 2375 10 USC 2208 note. "(1) the separate identity of each fund and activity managed through the Fund that (before the establishment of the Fund) was managed as a separate fiuid or activity; and "(2) separate records for each function for which payment is made through the Fund and which (before the establishment of the Fund) was paid directly through appropriations, including the separate identity of the appropriation account used to pay for the performance of the function.. (c) IMPLEMENTATION OF DBOF. —Such section is further amended by adding after subsection (c), as added by subsection (b), the following new subsections: "(d) IMPLEMENTATION OF THE FUND. —The Secretary of Defense shall implement the Fund in three phases (referred to in this section as 'milestones') as follows: "(1) MILESTONE I. —Not later than thirty days after the date of the enactment of the National Defense Authorization Act for Fiscal Year 1993, the Secretary of Defense shall— "(A) substantially complete the development of the policies of the Department of Defense governing the operations of the Fund; (B) identify the interim systems requirements of the Fund; and "(C) prepare an evaluation report on the adequacy Reports. of the skills and resources devoted to the Fund and its related systems. "(2) MILESTONE II.—Not later than March 1, 1993, the Secretary of Defense shall— "(A) develop performance measures, and corresponding performance goals, for each business area of the Fund; and "(B) prepare a report that— (i) specifies the status of interim systems efforts, including efforts to improve the accuracy of information in the Fund systems; "(ii) specifies whether the Department of Defense has selected a standard cost accountin^ system, and prepared an implementation plan (with milestone dates) for installing the system at the Fund's activities; and " (iii) identifies specific tangible benefits resulting from the operation of the Fund, including, if applicable, the reduced costs of providing goods and services and the improvement of the efficiency of Fund operations. "(3) MILESTONE III.— Not later than September 30, 1993, the Secretary of Defense shall conduct a field test of the standard cost accounting system selected by the Secretary for the Fund. "(e) USE OF CERTAIN ACCOUNTING STANDARDS.— The Secretary of Defense shall take actions to achieve the milestones prescribed in subsection (d) and otherwise to implement the Fund consistent with— "(1) generally accepted accounting principles; "(2) accounting principles, standards, and requirements generally applicable to Federal agencies; "(3) internal accounting and administrative control standards prescribed by the Comptroller General of the United States; and Reports.
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