40 U.S.C. § 624

Current through P.L. 118-78 (published on www.congress.gov on 07/30/2024)
Section 624 - Information on certain leasing authorities
(a) IN GENERAL.-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-
(1) the date on which each lease was executed;
(2) the date on which each lease will expire;
(3) a description of the size of the space;
(4) the location of the property;
(5) the tenant agency;
(6) the total annual rental payment; and
(7) the amount of the net present value of the total estimated legal obligations of the Federal Government over the life of the contract.
(b) EXCEPTION.-Subsection (a) shall not apply to-
(1) the United States Postal Service; or
(2) any other property the Director excludes from subsection (a) for reasons of national security.

40 U.S.C. § 624

Added Pub. L. 114-318, §3(a), Dec. 16, 2016, 130 Stat. 1612.

EDITORIAL NOTES

REFERENCES IN TEXTThe date of enactment of this subchapter, referred to in subsec. (a), is the date of enactment of Pub. L. 114-318 which was approved Dec. 16, 2016.