H.R. 1695: Guarding Readiness Resources Act

This bill, known as the Guarding Readiness Resources Act, aims to clarify how funds received by the National Guard Bureau as reimbursements from various states and territories are treated financially. Specifically, it proposes amendments to existing laws regarding the handling of these funds. Below are the key points of the bill:

1. Reimbursement Treatment

The bill stipulates that any funds received by the National Guard Bureau from states, the Commonwealth of Puerto Rico, the District of Columbia, Guam, or the Virgin Islands as reimbursement for the use of military property will be credited in specific ways:

• The funds must be credited to the appropriation, fund, or account from which the obligation was incurred.
• Alternatively, funds may be credited to an appropriate appropriation, fund, or account that is currently available for the purposes for which the expenditures were made.

2. Usage of Funds

The bill specifies that the reimbursed funds can only be utilized by the Department of Defense for particular purposes. These include:

• Repair
• Maintenance
• Replacement
• Other similar functions related directly to assets that are used by National Guard units while they are operating under State active duty status.

By clarifying how these reimbursement funds are handled and specifying their use, the bill seeks to ensure proper financial management relating to the operations of the National Guard when they are called into state service.

Relevant Companies

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