10 USC 2374b - Prizes for achievements in promoting science, mathematics, engineering, or technology education

(a) Authority.— 
The Secretaries of the military departments and the heads of defense agencies may each carry out a program to award cash prizes in recognition of outstanding achievements that are designed to promote science, mathematics, engineering, or technology education in support of the missions of the Department of Defense.
(b) Competition Requirements.— 
Each program under subsection (a) shall use a competitive process for the selection of recipients of cash prizes.
(c) Limitation.— 
For any single program under subsection (a), the total amount made available for award of cash prizes in a fiscal year may not exceed $1,000,000.
(d) Relationship to Other Authority.— 
The program under subsection (a) may be carried out in conjunction with or in addition to the exercise of any other authority to acquire, support, or stimulate basic and applied research, advanced technology development, or prototype development projects.

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(e) Annual Report.— 
Promptly after the end of each fiscal year, each Secretary of a military department and each head of a defense agency carrying out a program under subsection (a) shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report on the administration of that program for that fiscal year.
(f) Period of Authority.— 
The authority to award prizes under subsection (a) shall terminate at the end of September 30, 2006.