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PUBLIC LAW 86-861-SEPT. 2, 1958
[72 S T A T.
" (b) This section does not authorize a project costing more than $200,000. A project costing more than $50,000^ must be approved in advance by the Secretary of Defense, and a project costing more than $25,000 must be approved in advance by the Secretary concerned. "(c) Not more than one allotment may be made for any project authorized under this section. " (d) Not more than $50,000 may be spent under this section during a fiscal year to convert structures to family quarters at any one installation or facility. "(e) Appropriations available for military construction may be used for the purposes of this section. I n addition, the Secretary concerned may spend, from appropriations available for maintenance and operations, amounts necessary for any project costing not more than $25,000 that is authorized under this section. " (f) The Secretary of each military department shall report in detail every six months to the Committees on Armed Services of the Senate and House of Representatives on the administration of this section. "§2675. L e a s e s: foreign c o u n t r i e s: s t r u c t u r e s not on a military base "Notwithstanding any other provision of law, the Secretary of a military department may acquire by lease, in any foreign country, structures and real property relating thereto that are not located on a military base and that are needed for military purposes. A lease under this section may not be for a period of more than five years. "§ 2676. Acquisition: limitation "No military department may acquire real property not owned by the United States unless the acquisition is expressly authorized by law. "§ 2677. Options: property required for public works projects of military d e part m e n t s " (a) Before acquisition of a parcel of real property is authorized by law, the Secretary of a military department may acquire an option on it, if he considers it suitable and likely to be needed for a public works project of his department. "(b) As consideration for an option acquired under subsection (a), the Secretary may pay, from funds available to his department for real property activities, an amount that is not more than 3 percent of the appraised fair market value of the property for each year the option is to continue, and proportionately for any other period. "(c) For each six-month period ending on June 30 or December 31, during which he acquires options under subsection (a), the Secretary of each military department shall report those options to the Committees on Armed Services of the Senate and House of Representatives." "§ 2678. Acquisition of mortgaged housing units "The Secretary of a military department may buy, subject to the mortgage, any housing unit that is subject to a mortgage insured under Title VI or IX of the National Housing Act (12 U.S.C. 1736 et seq. 55 Stat. 55; 65 aud 1750 ct scq.), if the housing unit is— Stat. 295. "(1) located near a military installation; and "(2) suitable and adequate for housing members of the armed forces and their dependents. The Secretary may assume the obligation to make the payments on the mortgage that become due after the date of acquisition, and to make these payments he may use appropriations available for the construction of military public works."
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