Page:United States Statutes at Large Volume 122.djvu/170

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

12 2 STA T . 1 47PUBLIC LA W 11 0– 1 8 1 —J A N .28 , 2008 ‘ ‘ (e)REPAYM E NTOFA MO U NT SB O R RO W E DF ROM M EM B ER A C COUNT .—Ifalo a nis iss u e dt oa m em b e r under se c tion 843 3( g ) of title 5 from funds in t h e member ’ s account in the T hrift S a v ings P lan , re p a y ment of the loan may be re q uired on the same semi - monthly basis as authori z ed for contributions to the Thrift Savings Fund on behalf of the member under section 10 14(c) of this title.’’. Subti t leB— B on u s es a n d S p e c ial and I ncenti v e P a y s SEC.610 .C OR REC TI O N O FLAP SE D A U T H ORITIES FOR PA YM ENT OF B ONUSES , SPECIAL PAYS, AND SIMILAR BENEFITS FOR MEMBERS OF THE UNIFORMED SER V ICES. (a) RETROACT IV E E FFECTIVE D ATE FOR PAYMENT AUT H ORI- TIES.—The amendments made by sections 6 11, 61 2 , 613, and 614 shall ta k e effect as of December 31, 200 7 . (b) RATIFICATION OF E X ISTIN GC ONTINGENT AGREEMENTS.—In the case of a provision of title 10 or 37, U nited States Code, amended by section 611, 612, 613, or 614 under w hich an individual must enter into an agreement with the Secretary concerned for receipt of a bonus, special pay, or similar benefit, the Secretary concerned may treat any agreement entered into under such a provision during the period beginning on J anuary 1, 2008, and ending on the date of the enactment of this Act as having taken effect as of the date on which the agreement was signed by the individual. (c) TEMPORARY ADDITIONA L AGREEMENT AUTHORITY.— (1) AUTHORITY.—In the case of a provision of title 10 or 37, United States Code, amended by section 611, 612, 613, or 614 under which an individual must enter into an agreement with the Secretary concerned for receipt of a bonus, special pay, or similar benefit, the Secretary concerned, during the 120-day period beginning on the date of the enactment of this Act, may treat any agreement entered into under such a provi- sion by an individual described in paragraph (2) as having been signed by the individual during the period beginning on January 1, 2008, and ending on the date of the enactment of this Act. (2) COVERED INDIVIDUALS.—An individual referred to in paragraph (1) is an individual who would have met all of the qualifications for a bonus, special pay, or similar benefit under a provision of title 10 or 37, United States Code, amended by section 611, 612, 613, or 614 at any time during the period beginning on January 1, 2008, and ending on the date of the enactment of this Act, but for the fact that the statutory authority for the bonus, special pay, or similar benefit lapsed on December 31, 2007. (d) TAX TREATMENT.—The payment of a bonus, special pay, or similar benefit under a provision of title 10 or 37, United States Code, amended by section 611, 612, 613, or 614 to an individual who would have been entitled to the ta x treatment accorded by section 112 of the Internal Revenue Code of 1 9 86 on the date on which the member would have otherwise earned the bonus, special pay, or similar benefit, but for the fact that the statutory authority for the bonus, special pay, or similar benefit lapsed on 10USC2 1 3 0 anote.