
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC1105]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
                CHAPTER 22--FEDERAL TRIANGLE DEVELOPMENT
 
Sec. 1105. Lease of building by GSA


(a) Entry into agreement

    Before the development agreement is entered into under section 1104 
of this title, the Administrator shall enter into with the person 
selected to construct the building under section 1104 of this title an 
agreement for the lease of such building for Federal office space and 
the international cultural and trade center space.

(b) Terms of agreement

    The agreement entered into under this section shall include at a 
minimum the following terms:
        (1) The Administrator will lease the building for the term that 
    the person selected to construct the building owns the building.
        (2) The rental rate per square foot of occupiable space for all 
    space in the building will be in the best interest of the United 
    States and carry out the objectives of this chapter, but in no case 
    may the aggregate rental rate for all space in the building produce 
    an amount less than the amount necessary to amortize the cost of 
    development of the Federal Triangle property over the term of the 
    lease.
        (3) Obligations of funds from the Federal Building Fund shall 
    only be made on an annual basis to meet lease payments.
        (4) The Administrator will be permitted to sublease to the 
    Commission for establishment, operation, and management of the 
    international cultural and trade center under section 1107 of this 
    title.

(c) Accounting system

    The Administrator shall maintain an accounting system for operation 
and maintenance of the building to be constructed under section 1104 of 
this title which will permit accurate projections of the dates and the 
costs of major repairs, improvements, reconstructions, and replacements 
of such building and other capital expenditures on such building. The 
Administrator shall take such action as may be necessary to assure that 
funds are available to cover such projected costs and expenditures.

(d) Obligation of funds

    Obligation of funds to make lease payments under this section may 
only be made on an annual basis and from amounts in the fund established 
by section 210(f) of the Federal Property and Administrative Services 
Act of 1949 (40 U.S.C. 490(f)).

(Pub. L. 100-113, Sec. 6, Aug. 21, 1987, 101 Stat. 740.)

                  Section Referred to in Other Sections

    This section is referred to in sections 1103, 1104, 1107 of this 
title.
