[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-73.230]

[Page 182]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-73_REAL ESTATE ACQUISITION--Table of Contents
 
                     Subpart B_Acquisition by Lease
 
Sec. 102-73.230  What is the maximum lease term that a Federal agency may 
agree to when it has been delegated lease acquisition authority from GSA?

    Pursuant to GSA's long-term authority contained in section 210(h)(1) 
of the Federal Property and Administrative Services Act of 1949, as 
amended, (40 U.S.C. 490(h)(1)), agencies delegated the authorities 
outlined herein may enter into leases for the term specified in the 
delegation. In those cases where agency special purposes space 
delegations include the authority to acquire unimproved land, the land 
may be leased only on a fiscal year basis.