
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: 40USC1203]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
            CHAPTER 23--JUDICIARY OFFICE BUILDING DEVELOPMENT
 
Sec. 1203. Lease of building by Architect of the Capitol


(a) Entry into lease agreement

    Before the development agreement is entered into under section 1202 
of this title, the Architect shall enter into with the person selected 
to construct the building under this chapter an agreement for the lease 
of such building by the Architect to carry out the objectives of this 
chapter.

(b) Terms of lease agreement

    The agreement entered into under this section shall include at a 
minimum the following terms:
        (1) The Architect will lease the building and other improvements 
    for a term not to exceed 30 years from the effective date of such 
    lease agreement.
        (2) The rental rate per square foot of occupiable space for all 
    space in the building and other improvements 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 and other improvements produce an amount less than 
    the amount necessary to amortize the cost of development of squares 
    721 and 722 over the term of the lease.
        (3) Authority for the Architect to make space available and to 
    sublease space in the building and other improvements in accordance 
    with section 1205 of this title.

(c) Accounting system

    The Architect shall maintain an accounting system for operation and 
maintenance of the building and other improvements to be constructed 
under this chapter which will permit accurate projections of the dates 
and the costs of major repairs, improvements, reconstructions, and 
replacements of such building and improvements and other capital 
expenditures on such building and improvements.

(d) Obligation of funds

    Obligation of funds for lease payments under this section may only 
be made on an annual basis and may only be made from the account 
established by section 1207 of this title.

(Pub. L. 100-480, Sec. 4, Oct. 7, 1988, 102 Stat. 2331.)

                  Section Referred to in Other Sections

    This section is referred to in sections 1202, 1205, 1207 of this 
title.
