Guarding Readiness Resources Act

This bill modifies the treatment of funds received by the National Guard Bureau as a reimbursement from a state or other U.S. territory (e.g., Guam) for the use of military property.

Specifically, the funds must be credited to (1) the appropriation, fund, or account used in incurring the obligation; or (2) an appropriation, fund, or account currently available for the purposes of which the expenditures were made. Further, the funds may only be used by the Department of Defense for the repair, maintenance, replacement, or other similar functions related directly to assets used by National Guard units while operating under state active duty status.