10 U.S.C. § 2812 — Lease-purchase of facilities

The Secretary concerned^* may enter into an agreement with a private contractor for the lease of a facility^* of the kind specified in paragraph (2) if the facility is provided at the expense of the contractor on a military installation^* under the jurisdiction of the Department of Defense.

The facilities that may be leased pursuant to paragraph (1) are as follows:

may not exceed a term of 32 years;

shall provide that, at the end of the term of the lease, title to the leased facility shall vest in the United States; and

shall include such other terms and conditions as the Secretary concerned determines are necessary or desirable to protect the interests of the United States.

The Secretary concerned may enter into a lease under this section only after the end of the 14-day period beginning on the date on which the Secretary submits, in an electronic medium pursuant to section 480 of this title, to the appropriate committees of Congress^* a justification of the need for the facility covered by the proposed lease, including an economic analysis (based upon accepted life-cycle costing procedures) that demonstrates the cost effectiveness of the proposed lease compared with a military construction project for the same facility.

Each Secretary concerned may, under this section, enter into—