10 U.S. Code § 2508 - Industrial Base Fund
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(a) Establishment.— The Secretary of Defense shall establish an Industrial Base Fund (in this section referred to as the “Fund”).
(b) Control of Fund.— The Fund shall be under the control of the Under Secretary of Defense for Acquisition, Technology, and Logistics, acting through the Deputy Assistant Secretary of Defense for Manufacturing and Industrial Base Policy.
(c) Amounts in Fund.— The Fund shall consist of amounts appropriated or otherwise made available to the Fund.
(d) Use of Fund.— Subject to subsection (e), the Fund shall be used—
(e) Use of Fund Subject to Appropriations.— The authority of the Secretary of Defense to use the Fund under this section in any fiscal year is subject to the availability of appropriations for that purpose.
(f) Expenditures.— The Secretary shall establish procedures for expending monies in the Fund in support of the uses identified in subsection (d), including the following:
Source(Added Pub. L. 111–383, div. A, title VIII, § 896(b)(1),Jan. 7, 2011, 124 Stat. 4315.)
Pub. L. 111–383, div. A, title VIII, § 896(b)(1),Jan. 7, 2011, 124 Stat. 4315, which directed the addition of section 2508 at end of this chapter, was executed by adding this section at the end of subchapter II of this chapter to reflect the probable intent of Congress.
A prior section 2509, added Pub. L. 101–510, div. A, title VIII, § 825(a),Nov. 5, 1990, 104 Stat. 1604; amended Pub. L. 102–484, div. A, title X, § 1052(34),Oct. 23, 1992, 106 Stat. 2501, required submission of defense industrial base annual reports, prior to repeal by Pub. L. 102–484, § 4202(a).
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