scope:

OVERVIEW

Purpose. This chapter specifies financial policy and procedures for base closure and realignment. 130102.

General

A. Since 1988, the Congress has enacted legislation that created five separate accounts on the books of the Department of the Treasury to finance base closure and military installation realignment.

1. Section 207 of the Defense Authorization Amendments and Base Closure and Realignment Act (Public Law (P.L.) 100-526), October 24, 1988, established the "DoD Base Closure Account."

2. Section 2906 of the Defense Base Closure and Realignment Act of 1990 (P.L. 101-510), November 5, 1990, created the "DoD Base Closure Account 1990."

3. Section 2921 of the Defense Base Closure and Realignment Act of 1990 (P.L. 101-510), November 5, 1990, established the "DoD Overseas Military Facility Investment Recovery Account."

4. Section 344 of the National Defense Authorization Act for Fiscal Years 1992 and 1993 (P.L. 102-190) established the "Reserve Account." 

* 5. Section 2906A of the Defense Base Closure and Realignment Act of 1990 created the "DoD Base Closure Account 2005." 

* B. This guidance also establishes funds distribution, accounting and reporting policy and procedures for the "DoD Base Closure Account 1990," "DoD Base Closure Account 2005" and the "Reserve Account."