[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-73.95]

[Page 134]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-73--REAL ESTATE ACQUISITION--Table of Contents
 
Sec. 102-73.95  Is a prospectus required for all acquisition, construction or alteration projects?

    (a) No, a prospectus is not required if the dollar value of a 
project does not exceed the prospectus threshold. The Public Buildings 
Act of 1959, as amended, 40 U.S.C. 601-619, establishes a prospectus 
threshold, applicable to Federal agencies operating under, or subject 
to, the authorities of the Administrator of General Services, for the 
construction, alteration, purchase, and acquisition of any building to 
be used as a public building, and establishes a prospectus threshold to 
lease any space for use for public purposes. (Because of the important 
role the prospectus approval process plays in the budget preparation and 
planning process and with Congressional oversight responsibilities, 
Federal agencies must continue to prepare and submit prospectuses for 
all projects that exceed the prospectus threshold identified in 
Sec. 102-73.55. All GSA delegations of leasing, alteration, and 
construction authority are subject to this policy.)
    (b) Public Law 104-66, 109 Stat. 734, eliminated the prospectus 
submission requirement of the Public Buildings Act of 1959 (40 U.S.C. 
606(a) and 610(b)).

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