10 U.S.C. § 8692 — Ford-class aircraft carriers: cost limitation baselines
submitted 7 years ago by Pub. L. 116-92 to r/title-10-ARMED-FORCES · 209 words · no verdicts yet
Ford-class carrier construction has fixed dollar cost limits set for each ship, from CVN-78 through CVN-81. Certain spare parts and inflation-driven cost increases don't count toward those limits. The Secretary can raise a limit, but only after giving Congress 15 days' written notice and a briefing.
(a) Limitation — Total money obligated or spent from Shipbuilding and Conversion, Navy, or any other procurement account, cannot exceed these amounts for these aircraft carriers: (1) $13,224,000,000 for CVN-78; (2) $11,398,000,000 for CVN-79; (3) $12,202,000,000 for CVN-80; and (4) $12,451,000,000 for CVN-81.
(b) Exclusion of Battle and Interim Spares From Cost Limitation — The Secretary of the Navy must leave out of the (a) totals the cost of: (1) CVN-78-class battle spares; (2) interim spares; and (3) cost increases from economic inflation after December 1, 2018, that aren't already counted in the (a) amounts.
(c) Written Notice and Briefing on Change in Amount — The Secretary may raise an (a) amount, but only at least 15 days after sending Congress's defense committees written notice and giving them a briefing, both stating the amount and reason for the change and the resulting new total.
The total amounts obligated or expended from funds authorized to be appropriated or otherwise made available for Shipbuilding and Conversion, Navy, or for any other procurement account, may not exceed the following amounts for the following aircraft carriers:
$13,224,000,000 for the construction of the aircraft carrier designated CVN–78.
$11,398,000,000 for the construction of the aircraft carrier designated CVN–79.
$12,202,000,000 for the construction of the aircraft carrier designated CVN–80.
$12,451,000,000 for the construction of the aircraft carrier designated CVN–81.
The Secretary of the Navy shall exclude from the determination of the amounts set forth in subsection (a) the costs of the following items:
CVN–78 class battle spares.
Interim spares.
Increases attributable to economic inflation after December 1, 2018, not otherwise included in the amounts listed in subsection (a).
The Secretary of the Navy may adjust an amount listed in subsection (a) not fewer than 15 days after submitting written notice and providing a briefing to the congressional defense committees*, each of which shall include the amount and rationale of any change and the resulting amount after such change.
Source credit: (Added Pub. L. 116–92, div. A, title I, § 121(a), Dec. 20, 2019, 133 Stat. 1233.)
- 2019Enacted · Pub. L. 116-92 · 133 Stat. 1233
A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-92 on 2019-12-20.
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