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section (c), the amount of the lump sum, or each install-
ment, of the incentive pay.’’; and
(3) by striking subsection (c) and inserting the
following new subsection (c):
‘‘(c) MAXIMUM RATE OR AMOUNT.—(1) The maximum
monthly rate of incentive pay payable to a member on a
monthly basis under this section is $1,500.
‘‘(2) The amount of the lump sum payment of incen-
tive pay payable to a member on a lump sum basis under
this section may not exceed an amount equal to the product
of—
‘‘(A) the maximum monthly rate authorized
under paragraph (1) at the time of the written agree-
ment of the member under subsection (b)(2); and
‘‘(B) the number of months in the period for
which incentive pay will be paid pursuant to the
agreement.
‘‘(3) The amount of each installment payment of in-
centive pay payable to a member on an installment basis
under this section shall be the amount equal to—
‘‘(A) the product of (i) a monthly rate specified
in the written agreement of the member under sub-
section (b)(2) (which monthly rate may not exceed the
maximum monthly rate authorized under paragraph
(1) at the time of the written agreement), and (ii) the
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number of months in the period for which incentive
pay will be paid; divided by
‘‘(B) the number of installments over such pe-
riod.
‘‘(4) If a member extends an assignment specified in
an agreement with the Secretary under subsection (b), in-
centive pay for the period of the extension may be paid
under this section on a monthly basis, in a lump sum, or
in installments in accordance with this section.’’.
(b) REPAYMENT.—Such section is further amended—
(1) by redesignating subsections (d), (e), and (f)
as subsections (e), (f), and (g), respectively; and
(2) by inserting after subsection (c), as amended
by subsection (a)(3) of this section, the following new
subsection (d):
‘‘(d) REPAYMENT OF INCENTIVE PAY.—(1)(A) A mem-
ber who, pursuant to an agreement under subsection (b)(2),
receives a lump sum or installment payment of incentive
pay under this section and who fails to complete the total
period of service or other conditions specified in the agree-
ment voluntarily or because of misconduct, shall refund to
the United States an amount equal to the percentage of in-
centive pay paid which is equal to the unexpired portion
of the service divided by the total period of service.
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‘‘(B) The Secretary concerned may waive repayment
of an amount of incentive pay under subparagraph (A),
whether in whole or in part, if the Secretary determines
that conditions and circumstances warrant.
‘‘(2) An obligation to repay the United States imposed
under paragraph (1) is for all purposes a debt owed to the
United States.
‘‘(3) A discharge in bankruptcy under title 11 that is
entered less than 5 years after the termination of the agree-
ment does not discharge the member signing the agreement
from a debt arising under paragraph (1).’’.
SEC. 616. INCREASE IN AMOUNT OF SELECTIVE REENLIST-
MENT BONUS FOR CERTAIN SENIOR SUPER-
VISORY NUCLEAR QUALIFIED ENLISTED PER-
SONNEL.
(a) IN GENERAL.—Section 308 of title 37, United
States Code, is amended—
(1) by redesignating subsections (b) through (g)
as subsections (c) through (h), respectively; and
(2) by inserting after subsection (a) the following
new subsection (b):
‘‘(b)(1) An enlisted member of the naval service who—
‘‘(A) has completed at least ten, but not more
than fourteen, years of active duty;