12 USC 1748d: Lease of property; terms and conditions
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12 USC 1748d: Lease of property; terms and conditions Text contains those laws in effect on December 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 13-NATIONAL HOUSINGSUBCHAPTER VIII-ARMED SERVICES HOUSING MORTGAGE INSURANCE
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§1748d. Lease of property; terms and conditions

Whenever the Secretary of the Army, Navy, or Air Force determines that it is necessary to lease any land held by the United States on or near a military installation to effectuate the purposes of this subchapter, he may lease such land upon such terms and conditions as will, in his opinion, best serve the national interest. The authority conferred by this section shall be in addition to and not in derogation of any other power or authority of the Secretary of the Army, Navy, or Air Force.

(June 27, 1934, ch. 847, title VIII, §805, as added Aug. 8, 1949, ch. 403, §1, 63 Stat. 576 ; amended Aug. 11, 1955, ch. 783, title IV, §401, 69 Stat. 651 .)


Editorial Notes

Amendments

1955-Act Aug. 11, 1955, struck out specific references to sections authorizing leases of property, and struck out the power to sell, transfer, and convey real property.