Pub. L. 84-968, tit. IV, sec. 416

Sec. 416. The Secretaries of the military departments are authorized to contract for the storage, handling, and distribution of liquid fuels for periods not exceeding five years, with option to renew for additional periods not exceeding five years, for a total not to exceed twenty years. This authority is limited to facilities which conform to the criteria prescribed by the Secretary of Defense for protection, including dispersal, and also are included in a program approved by the Secretary of Defense for the protection of petroleum facilities. Such contracts may provide that the Government at the expiration or termination thereof shall have the option to purchase the facility under contract without regard to sections 1136, 3648, and 3734 of the Revised Statutes, as amended, and prior to approval of title to the underlying land by the Attorney General: Provided further, That the Secretaries of the military departments shall report to the Armed Services Committees of the Senate and the House of Representatives with respect to the names of the contractors and the terms of the contracts, the reports to be furnished at times and in such form as may be agreed upon between the Secretaries of the military departments and the Committees on Armed Services.