To enhance authority relating to the waiver of claims for overpayment of pay and allowances of members of the Armed Forces.

1. Adds SEC. 662. ENHANCEMENT OF AUTHORITY TO WAIVE CLAIMS FOR OVERPAYMENT OF PAY AND ALLOWANCES at the end of subtitle E of title VI

   Adds a section

   In S. 2766 · Public Print

   (c) Clarification of Membership on Local Board of Trustees.-- Section 1516(c)(1)(H) of such Act (24 U.S.C. 416(c)(1)(K)) is amended by inserting before the period at the end the following: ", who shall be a member of the Armed Forces serving on active duty in the grade of brigadier general, or in the case of the Navy, rear admiral (lower half)".

   Inserted: SEC. 662. ENHANCEMENT OF AUTHORITY TO WAIVE CLAIMS FOR OVERPAYMENT OF PAY AND ALLOWANCES.

   Inserted: (a) Clarification of Pay and Allowances.--Subsection (a) of section 2774 of title 10, United States Code, is amended in the matter preceding paragraph (1) by inserting "(including any bonus or special or incentive pay)" after "pay or allowances".

   Inserted: (b) Waiver by Secretaries Concerned.--Paragraph (2) of such subsection is amended--

   Inserted: (1) in the matter preceding subparagraph (A), by inserting "or the designee of such Secretary" after "title 37,"; and

   Inserted: (2) in subparagraph (A), by striking "$1,500" and inserting "$10,000".

   Inserted: (c) Time for Waiver.--Subsection (b)(2) of such section is amended by striking "three years" and inserting "five years".

   Inserted: (d) Effective Date.--The amendments made by this section shall take effect on March 1, 2007.

   Inserted: (e) Deadline for Revised Standards.--The Director of the Office of Management and Budget and the Secretary of Defense shall prescribe any modifications to the standards under section 2774 of title 10, United States Code, that are required or authorized by reason of the amendments made by this section not later than March 1, 2007.

   Original wording

   At the end of subtitle E of title VI, add the following:

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As printed