113 STAT. 738 PUBLIC LAW 106-65—OCT. 5, 1999 (2) The table of sections at the beginning of such chapter is amended by adding after the item relating to section 2785, as added by section 933(a), the following new item: "2786. Department of Defense payments by electronic transfers of funds: exercise of authority for waivers.". 10 USC 2786 (3) Any waiver in effect on the date of the enactment of this note. Act under paragraph (2)(A)(i) of section 3332(f) of title 31, United States Code, shall remain in effect until otherwise provided by the Secretary of Defense under section 2786 of title 10, United States Code, as added by paragraph (1). (b) STUDY AND REPORT ON DOD ELECTRONIC FUNDS TRANS- FERS.— (1) The Secretary of Defense shall conduct a study to determine the following: (A) Whether it would be feasibile for all electronic pa3mients made by the Department of Defense to be routed through the Regional Finance Centers of the Department of the Treasury for verification and reconciliation. (B) Whether it would be feasibile for all electronic payments made by the Department of Defense to be subjected to the same level of reconciliation as United States Treasury checks, including the matching of each payment issued with each corresponding deposit at financial institutions. (C) Whether the appropriate computer security controls are in place in order to ensure the integrity of electronic pay- ments made by the Department of Defense. (D) The estimated costs of implementing— (i) the routing of electronic payments as described in subparagraph (A); (ii) the reconciliation of electronic payments as described in subparagraph (B); and (iii) security controls as described in subparagraph (C). (E) The period that would be required to implement each of the matters referred to in subparagraph (D). Deadline. (2) Not later than March 1, 2000, the Secretary of Defense shall submit to Congress a report containing the results of the study required by paragraph (1). (3) In this subsection, the term "electronic payment" has the meaning given the term "electronic funds transfer" in section 3332(j)(l) of title 31, United States Code. SEC. 1009. Sn^GLE PAYMENT DATE FOR INVOICE FOR VARIOUS SUBSISTENCE ITEMS. Section 3903 of title 31, United States Code, is amended— (1) by redesignating subsection (c) as subsection (d); and (2) by inserting after subsection (b) the following new subsection (c): "(c) A contract for the procurement of subsistence items that is entered into under the prime vendor program of the Defense Logistics Agency may specify for the purposes of section 3902 of this title a single required payment date that is to be applicable to an invoice for subsistence items furnished under the contract when more than one pa3anent due date would otherwise be applicable to the invoice under the regulations prescribed under paragraphs (2), (3), and (4) of subsection (a) or under Einy other provisions of law. The required payment date specified in the contract shall be consistent with prevailing industry practices for the
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