
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC2146]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle A--General Military Law
 
                    PART III--TRAINING AND EDUCATION
 
  CHAPTER 107--EDUCATIONAL ASSISTANCE FOR PERSONS ENLISTING FOR ACTIVE 
                                  DUTY
 
Sec. 2146. Right of member upon subsequent reenlistment to lump-
        sum payment in lieu of educational assistance
        
    (a) A member who is entitled to educational assistance under this 
chapter and who reenlists at the end of the enlistment which established 
such entitlement may, at the time of such reenlistment, elect to receive 
a lump-sum payment computed under subsection (b) in lieu of receiving 
such educational assistance. An election to receive such a lump-sum 
payment is irrevocable.
    (b) The amount of a lump-sum payment under subsection (a) is 60 
percent of the sum of--
        (1) the product of (A) the rate for educational assistance under 
    section 2143(b) of this title applicable to such member which is in 
    effect at the time of such reenlistment, and (B) the number of 
    standard academic years of entitlement of such member to such 
    assistance; and
        (2) the product of (A) the rate for the subsistence allowance 
    authorized under section 2144 of this title for pursuit of a course 
    of instruction on a full-time basis at the time of such 
    reenlistment, and (B) the number of months of entitlement of such 
    member to such allowance.

(Added Pub. L. 96-342, title IX, Sec. 901(a), Sept. 8, 1980, 94 Stat. 
1113.)
