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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 40 U.S.C. § 624 Information on certain leasing authorities us united_states_code code_section 40 PUBLIC BUILDINGS, PROPERTY, AND WORKS 5 PROPERTY MANAGEMENT 624 40 U.S.C. § 624 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc40@119-100.zip /us/usc/t40/s624 data/legal/raw/us/code/title-40/usc40.xml 8e510f0cf42f98562fda9a25f3655190828c08ecd4ac98b3c5e14fad61980001 9e671d5f37f9148634c9ba568a4c16d4864b567130b66bcf607f680414560a29 b1e527c89a76bba546094ee044dc0e223e8f118a0038755a16f23d157c52ad30 2026-07-04 official
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40 U.S.C. § 624 - Information on certain leasing authorities

Text

(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.

(Added Pub. L. 114318, § 3(a), Dec. 16, 2016, 130 Stat. 1612.)

Notes

Editorial Notes

References in TextThe date of enactment of this subchapter, referred to in subsec. (a), is the date of enactment of Pub. L. 114318, which was approved Dec. 16, 2016.