In the nature of a substitute.

SA 3345. Mr. LEE proposed an amendment to the bill S. 4511, to
provide for the crediting of funds received by the National Guard
Bureau as reimbursement from States; as follows:

Strike all after the enacting clause and insert the
following:

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Guarding Readiness Resources
Act''.

SEC. 2. TREATMENT OF FUNDS RECEIVED BY NATIONAL GUARD BUREAU
AS REIMBURSEMENT FROM STATES.

Section 710 of title 32, United States Code, is amended by
adding at the end the following new subsection:
``(g) Treatment of Reimbursed Funds.--Any funds received by
the National Guard Bureau from a State, the Commonwealth of
Puerto Rico, the District of Columbia, Guam, or the Virgin
Islands as reimbursement under this section for the use of
military property--
``(1) shall be credited to--
``(A) the appropriation, fund, or account used in incurring
the obligation; or
``(B) an appropriate appropriation, fund, or account
currently available for the purposes for which the
expenditures were made; and
``(2) may only be used by the Department of Defense for the
repair, maintenance, replacement, or other similar functions
related directly to assets used by National Guard units while
operating under State active duty status.''.
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