116 STAT. 2122 PUBLIC LAW 107-295—NOV. 25, 2002 computed under subsection (d)(1) or (d)(2) of section 1174 of title 10, as determined under regulations promulgated by the Secretary. "(c) In determining a member's years of active service for the purpose of computing separation pay under this section, each full month of service that is in addition to the number of full years of service creditable to the member is counted as one-twelfth of a year and any remaining fractional part of a month is disregarded."; and (5) in section 327— (A) by striking "severance" in the section heading and inserting "separation"; (B) by striking subsection (a)(2) and inserting the following: "(2) for discharge with separation benefits under section 286(c) of this title."; (C) by striking subsection (a)(3); (D) by striking subsection (b)(2) and inserting the following: "(2) if on that date the officer is ineligible for voluntary retirement under any law, be honorably discharged with separation benefits under section 286(c) of this title, unless under regulations promulgated by the Secretary the condition under which the officer is discharged does not warrant an honorable discharge. "; and (E) by striking subsection (b)(3). (b) CLERICAL AMENDMENT.—The table of sections for chapter 11 of title 14, United States Code, is amended— (1) in the item relating to section 281, by striking "three" and inserting "five"; (2) in the item relating to section 286, by striking "severance" and inserting "separation"; (3) in the item relating to section 286a, by striking "severance" and inserting "separation"; and (4) in the item relating to section 327, by striking "severance" and inserting "separation" in its place. 14 USC 286 note. (c) EFFECTIVE DATE. —The amendments made by paragraphs (2), (3), (4), and (5) of subsection (a) shall take effect 4 years after the date of enactment of this Act, except that subsection (d) of section 286 of title 14, United States Code, as amended by paragraph (3) of subsection (a) of this section, shall take effect on the date of enactment of this Act and shall apply with respect to conduct on or after that date. The amendments made to the table of sections of chapter 11 of title 14, United States Code, by paragraphs (2), (3), and (4) of subsection (b) of this section shall take effect 4 years after the date of enactment of this Act. SEC. 417. LONG-TERM LEASE AUTHORITY FOR LIGHTHOUSE PROP- ERTY. (a) IN GENERAL. — Chapter 17 of title 14, United States Code, is amended by inserting after section 672 the following: "§672a. Long-term lease authority for lighthouse property "(a) The Commandant of the Coast Guard may lease to non- Federal entities, including private individuals, lighthouse property under the administrative control of the Coast Guard for terms not to exceed 30 years. Consideration for the use and occupancy of lighthouse property leased under this section, and for the value
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