Ill STAT. 1834 PUBLIC LAW 105-85—NOV. 18, 1997 (3) In this subsection, the term "business combination" has the meaning given that term in section 2325(c) of title 10, United States Code, as added by subsection (a). 10 USC 2325 (c) EFFECTIVE DATE. —Section 2325(a) of title 10, United States note. Code, as added by subsection (a), shall apply with respect to business combinations that occur after the date of the enactment of this Act. (d) REPEAL OF SUPERSEDED PROVISIONS. — Subsections (a) and (g)(3) of section 818 of the National Defense Authorization Act for Fiscal Year 1995 (10 U.S.C. 2324 note) are repealed. SEC. 805. INCREASED PRICE LIMITATION ON PURCHASES OF RIGHT- HAND DRIVE VEHICLES. Section 2253(a)(2) of title 10, United States Code, is amended by striking out "$12,000" and inserting in Heu thereof "$30,000". SEC. 806. MULTIYEAR PROCUREMENT CONTRACTS. (a) REQUIREMENT FOR AUTHORIZATION BY LAW IN ACTS OTHER THAN APPROPRIATIONS ACTS.— (1) Subsection (i) of section 2306b of title 10, United States Code, is amended by adding at the end the following new paragraph: "(3) In the case of the Department of Defense, a multiyear contract in an amount equal to or greater than $500,000,000 may not be entered into for any fiscal year under this section unless the contract is specifically authorized by law in an Act other than an appropriations Act.". 10 USC 2306b (2) Paragraph (3) of section 2306b(i) of title 10, United States note. Code, as added by paragraph (1), shall not apply with respect to a contract authorized by law before the date of the enactment of this Act. (b) CODIFICATION OF ANNUAL RECURRING MULTIYEAR PROCURE- MENT REQUIREMENTS.—(1) Such section is further amended by adding at the end the following new subsection: "(1) VARIOUS ADDITIONAL REQUIREMENTS WITH RESPECT TO MULTIYEAR DEFENSE CONTRACTS. — (1)(A) The head of an agency may not initiate a contract described in subparagraph (B) unless the congressional defense committees are notified of the proposed contract at least 30 days in advance of the award of the proposed contract. "(B) Subparagraph (A) applies to the following contracts: "(i) A multiyear contract— "(I) that employs economic order quantity procurement in excess of $20,000,000 in any one year of the contract; or "(II) that includes an imfimded contingent liability in excess of $20,000,000. "(ii) Any contract for advance procurement leading to a multiyear contract that employs economic order quantity procurement in excess of $20,000,000 in any one year. "(2) The head of an agency may not initiate a multiyear contract for which the economic order quantity advance procurement is not funded at least to the limits of the Government's liability. "(3) The head of an agency may not initiate a multiyear procurement contract for any system (or component thereof) if the value of the multiyear contract would exceed $500,000,000 unless authority for the contract is specifically provided in an appropriations Act.
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