40 U.S.C. § 624 — Information on certain leasing authorities
submitted 10 years ago by Pub. L. 114-318 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 157 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Except as provided in subsection (b), not later than December 31 of each year following the date of enactment of this subchapter, a Federal agency* with independent leasing authority shall submit to the Council* a list of all leases, including operating leases, in effect on the date of enactment of this subchapter that includes—
the date on which each lease was executed;
the date on which each lease will expire;
a description of the size of the space;
the location of the property;
the tenant agency;
the total annual rental payment; and
the amount of the net present value of the total estimated legal obligations of the Federal Government over the life of the contract.
Subsection (a) shall not apply to—
the United States Postal Service; or
any other property the Director* excludes from subsection (a) for reasons of national security.
Source credit: (Added Pub. L. 114–318, § 3(a), Dec. 16, 2016, 130 Stat. 1612.)
- 2016Enacted · Pub. L. 114-318 · 130 Stat. 1612
A history note hasn’t been published yet. The record shows enactment by Pub. L. 114-318 on 2016-12-16.
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