106 STAT. 2486 PUBLIC LAW 102-484—OCT. 23, 1992 "(B) the costs of compliance would be unreasonable compared to the costs of purchase from a foreign manufacturer.". SEC. 1023. REPORT ON OBLIGATIONS FOR STRATEGIC SEALIFT. (a) REPORT.— The Secretary of Defense shall submit to the Congress a report on the specific purposes for which the Secretary intends to obligate during fiscal year 1993 the funds available for the procurement of strategic sealift. The information in the report shall be presented by program, project, and activity. (b) LIMITATION. — Funds appropriated to the Navy for procurement for shipbuilding and conversion and available for strategic sealift may not be obligated during fiscal year 1993 until 30 days after the date on which the Secretary of Defense submits the report required by subsection (a). SEC. 1024. NATIONAL DEFENSE SEALIFT FUND. (a) ESTABLISHMENT AND USE OF FUND. — (1) Chapter 131 of title 10, United States Code, is amended by adding at the end the following new section: § 2218. National Defense Sealift Fund "(a) ESTABLISHMENT.— There is established in the Treasury of the United States a fund to be known as the 'National Defense Sealift Fund'. "(b) ADMINISTRATION OF FUND. — The Secretary of Defense shall administer the Fund consistent with the provisions of this section. "(c) FUND PURPOSES. —(1) Funds in the National Defense Sealift Fund shall be available for obligation and expenditure only for— "(A) construction (including design of vessels), purchase, alteration, and conversion of Department of Defense sealift vessels; "(B) operation, maintenance, and lease or charter of Department of Defense vessels for national defense purposes; "(C) installation and maintenance of defense features for national defense purposes on privately owned and operated vessels that are constructed in the United States and documented under the laws of the United States; and "(D) research and development relating to national defense sealift. "(2) Funds in the National Defense Sealift Fund may be obligated or expended only for programs, projects, and activities and only in amounts authorized in, or otherwise permitted under, an Act other than an appropriations Act. "(3) Funds obligated and expended for a purpose set forth in subparagraph (B) or (D) of paragraph (1) may be derived only from funds deposited in the National Defense Sealift Fund pursuant to subsection (d)(1). "(d) DEPOSITS.—T here shall be deposited in the Fund the following: "(1) All funds appropriated to the Department of Defense for fiscal years after fiscal year 1993 for— "(A) construction (including design of vessels), purchase, alteration, and conversion of national defense sealift vessels; "(B) operations, maintenance, and lease or charter of national defense sealift vessels;
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