Pub. L. 105-18, tit. I, ch. 3, sec. 303

Authority of Secretary of Defense to Enter Into Lease of Building No. 1, Lexington Blue Grass Station, Lexington, Kentucky.—

EnactedYear: 1997Length: 362 wordsOfficial source
Sec. 303. Authority of Secretary of Defense to Enter Into Lease of Building No. 1, Lexington Blue Grass Station, Lexington, Kentucky.— (a) Authority to enter into lease.—The Secretary of Defense may enter into an agreement for the lease of Building No. 1, Lexington Blue Grass Station, Lexington, Kentucky, and any real property associated with the building, for purposes of the use of the building by the Defense Finance and Accounting Service. The agreement shall meet the requirements of this section. (b) Term.—(1) The agreement under this section shall provide for a lease term of not to exceed 50 years, but may provide for one or more options to renew or extend the term of the lease. (2) The agreement shall include a provision specifying that, if the Secretary ceases to require the leased building for purpose of the use of the building by the Defense Finance and Accounting Service before the expiration of the term of the lease (including any extension or renewal of the term under an option provided for in paragraph (1)), the remainder of the lease term may, upon the approval of the lessor of the building, be satisfied by the Secretary or another department or agency of the Federal Government (including a military department) for another purpose similar to such purpose. (c) Consideration.—(1) The agreement under this section may not require rental payments by the United States under the lease under the agreement. (2) The Secretary or other lessee, if any, under subsection (b)(2) shall be responsible under the agreement for payment of any utilities associated with the lease of the building covered by the agreement and for maintenance and repair of the building. (d) Improvement.—The agreement under this section may provide for the improvement of the building covered by the agreement by the Secretary or other lessee, if any, under subsection (b)(2). (e) Limitation on Certain Activities.—The Secretary may not obligate or expend funds for the costs of any utilities, maintenance and repair, or improvements under this lease under this section in any fiscal year unless funds are appropriated or otherwise made available for the Department of Defense for such payment in such fiscal year.111 STAT. 169
Pub. L. 105-18, tit. I, ch. 3, sec. 303: Authority of Secretary of Defense to Enter Into Lease of Building No. 1, Lexington Blue Grass Station, Lexington, Kentucky.— | Justis AI