Untitled section

The Secretary of Defense may transfer funds from any available Department of the Navy appropriation (except military construction) to any available Navy ship construction appropriation for the purpose of liquidating necessary changes resulting from inflation, market fluctuations, or rate adjustments for any ship construction program appropriated in law: Provided, That the Secretary may transfer not to exceed $40,000,000 under the authority provided by this section: Provided further, That the Secretary shall, not less than 30 days prior to the transfer of any funds, notify the Committees on Appropriations of the House of Representatives and the Senate in writing of the details of any proposed transfer: Provided further, That any funds transferred pursuant to this section shall retain the same period of availability as when originally appropriated: Provided further, That the transfer authority provided under this section is in addition to any other transfer authority provided elsewhere in this Act.

The Secretary of Defense may transfer funds from any available Department of the Navy appropriation (except military construction) to any available Navy ship construction appropriation for the purpose of liquidating necessary changes resulting from inflation, market fluctuations, or rate adjustments for any ship construction program appropriated in law: Provided, That the Secretary may transfer not to exceed $40,000,000 under the authority provided by this section: Provided further, That the Secretary shall, not less than 30 days prior to the transfer of any funds, notify the Committees on Appropriations of the House of Representatives and the Senate in writing of the details of any proposed transfer: Provided further, That any funds transferred pursuant to this section shall retain the same period of availability as when originally appropriated: Provided further, That the transfer authority provided under this section is in addition to any other transfer authority provided elsewhere in this Act.