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7 4TH CONGRESS . SESS. I. CH. 744. AUGUST 27, 1935. so assigned to it, the decision of the Director of Procurement shall To lease, pending be subject to review by the President ; or (b) pending a sale, to lease sale.
such real prop erty on such terms and for such period not in excess To se ll to h ighes t of five years as he may deem in the public interest ; or (c) to sell the competitive bidder . same at public sale to the highest responsible bidder upon such terms and after such public advertisement as he may deem in the public interest . Director of Procure- me nt to ma ke re pai rs SEC . 2 . Whenever after investigation it is determined by the Direc- or alterations deemed for of Procurement that any such real property should be used for nece ssar y . the accommodation of any Federal agency or agencies, the Director of Procurement is authorized to make any repairs thereto or a ltera- tions thereof which he deems necessary or advisable and to ma intain and op er ate th e sam e . To the extent that the appropria tions of the Procurement Division not otherwise allocated are inadequate for such repairs, alterations, maintenance, or operation, the Director of Procurement may require each Federal agency to which space has been assigned therein pursuant to the provisions of section 1 of this Reimbursement .
Act to pay promptly by check to the Procurement Division out of its appropriation for rent, either in advance of or upon or during Provisos,
occupancy of such space, all or part of the estimated or actual cost Equitable allocation of such repairs, alterations, maintenance, and operation : Provided, of expenses .
That the total amount so to be paid shall be determined and equitably Cha rges not to exceed apportioned by the Director of Procurement among the Federal rent for equivalent agencies to whom space has been so assigned : Provided further, That quarters . the amoun t so charg ed ag ainst any Feder al ag ency shall be c omput ed at a rate not in excess of that paid as rent by such agency immedi- ately preceding such assignment for space in lieu of which space is so assigned to it, and if it is less the difference shall be deposited in the computation of charges . Treasury as miscellaneous receipts : And provided further, That in the event such space is not assigned in lieu of existing space, the amount so charged shall be computed at a rate n ot in excess of that whic h the Dire ctor of Pr ocure ment deter mines , wit h the appr oval of the Secretary of the Treasury, would have been paid as rent for corresponding space during the current fiscal year, and if it is less the difference shall be deposited in the Treasu ry as miscellaneous suect to re thePresident. review by thee amou tf the Directo rof Prcurementt sos determines s would have been paid as rent, the determination of the Director of Procurement shall be subject to review by the President . Lease of space ; terms, SEC. 3. The Director of Procurement, with the approval of the periods, etc' Secretary of the Treasury, is further authorized to procure space by lease, on such terms and for such period not in excess of five years as he may deem in the public interest, for the housing of any Federal agency or agencies outside of the District of C olumbia, except the Post Office Department, and to assign and reassign space therein in the same manner as is authorized with respect to surplus real Maintenance, etc ., expenses . property by section 1 of this Act, and to require the Federal agencies to whom space is assigned therein to pay the total expenditures required under such lease during its entire term in the manner specified in section 2 of this Act . Administrative regu- SEC. 4. The Director of Procurement, with the approval of the lations .
Secretary of the Treasury, is authorized to make such regulations as ma be necessary to carry out the p rovisions of this Act . "Federal agency"
EC. 5. The term "Federal agency ", as used in this Act, means defined . any executive department, independent establishment, commission, board, bureau, division, or office in the executive branch, or other agency of the United States, including corporations wholly owned by the United States. Y Approved, August 27, 1935 .
