Ill STAT. 1870 PUBLIC LAW 105-85—NOV. 18, 1997 section applies from the account established pursuant to subsection (d). Applicability. (b) COVERED CONTRACTS.— This section applies to any contract of the Department of Defense— (1) that was entered into before December 5, 1990; and (2) for which an unobligated balance of an appropriation that had been initially applied to the contract was canceled before December 5, 1990, pursuant to section 1552 of title 31, United States Code, as in effect before that date. (c) AUTHORITY LIMITED TO SMALL FINAL PAYMENTS.—The Secretary may use the authority provided by this section only for a contract for which the amount of the final payment due is not greater than the micro-purchase threshold (as defined in section 32 of the Office of Federal Procurement PoHcy Act (41 U.S.C. 428)). (d) ACCOUNT. —The Secretary may establish an account for the purposes of this section. The Secretary may from time to time transfer into the account, from funds made available to the Department of Defense for procurement or for research, development, test, and evaluation, such amounts as the Secretary determines to be needed for the purposes of the account, except that the total of such transfers may not exceed $1,000,000. Amounts in the account may be used only for the purposes of this section. (e) CLOSURE OF ACCOUNT.— When the Secretary determines that all contracts to which this section applies have been closed and there is no further need for the account established under subsection (d), the Secretary shall close the account. Any amounts remaining in the account shall be covered into the Treasury as miscellaneous receipts. SEC. 1008. BIEN>fIAL FINANCIAL MANAGEMENT IMPROVEMENT PLAN. (a) BIENNIAL PLAN.— (1) Chapter 131 of title 10, United States Code, is amended by adding at the end the following new section: §2222. Biennial financial management improvement plan "(a) BIENNIAL PLAN REQUIRED. —The Secretary of Defense shall submit to Congress a biennial strategic plan for the improvement of financial management within the Department of Defense. The plan shall be submitted not later than September 30 of each evennumbered year. "(b) CONCEPT OF OPERATIONS.— Each plan under subsection (a) shall include a statement of the Secretary of Defense's concept of operations for the financial management of the Department of Defense. Each such statement shall be a clear description of the manner in which the Department's financial management operations are carried out or will be carried out under the improvements set forth in the plan under subsection (a), including identification of operations that must be performed. "(c) MATTERS TO BE ADDRESSED IN PLAN. — (1) Each plan under subsection (a) shall address all aspects of financial management within the Department of Defense, including the finance systems, accounting systems, and data feeder systems of the Department that support financial functions of the Department. "(2) For the purposes of paragraph (1), a data feeder system is an automated or manual system from which information is derived for a financial management system or an accounting system.".
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