Real property transactions: agreement with Armed Services Committees; reports

§ 2662. Real property transactions: agreement with Armed Services Committees; reports (a) The Secretary of a military department, or his designee, must come to an agreement with the Committees on Armed Services of the Senate and the House of Representatives before entering into any of the following transactions by or for the use of that department: (1) An acquisition or fee title to any real property, if the estimated price is more than $25,000. (2) A lease of any real property to the United States, if the estimated annual rental is more than $25,000. (3) A lease of real property owned by the United States, if the estimated annual rental is more than $25,000. (4) A transfer of real property owned by the United States to another Federal agency or another military department or to a State, if the estimated value is more than $25,000. (5) A report of excess real property owned by the United States to a disposal agency, if the estimated value is more than $25,000. If a transaction covered by clause (1) or (2) is part of a project, the agreement must be based on the general plan for that project, in-148cluding an estimate of the total cost of the lands to be acquired or leases to be made. (b) The Secretary of each military department shall report quarterly to the Committees on Armed Services of the Senate and the House of Representatives on transactions described in subsection (a) that involve an estimated value of more than $5,000 but not more than $25,000. (c) This section applies only to real property in the United States, Alaska, Hawaii, and Puerto Rico. It does not apply to real property for river and harbor projects or flood-control projects, or to leases of Government-owned real property for agricultural or grazing purposes. (d) A statement in an instrument of conveyance, including a lease, that the requirements of this section have been met, or that the conveyance is not subject to this section, is conclusive.