Page:United States Statutes at Large Volume 101 Part 1.djvu/770

 101 STAT. 740

PUBLIC LAW 100-113—AUG. 21, 1987

40 USC 871 note, of 1972 (other than section 5), the Federal Triangle development area shall be treated as being a part of the development area c.jru. described in section 2(f) of such Act (40 U.S.C. 871(f)). The Corporation shall have the same authority with respect to the Federal Triangle development area as it has with respect to the development area described in such section 2(f). (h) POWERS OF THE CORPORATION.—The Corporation shall have with respect to its duties under this Act any powers which the Corporation has under section 6 (other than paragraphs (9) and (10)) of the Pennsylvania Avenue Development Corporation Act of 1972 (40 U.S.C. 875) with respect to its duties under such Act. The Corporation may enter into agreements with any Federal agency or the Commission with respect to this Act, or as permitted or authorized by 31 U.S.C. 1535. (i) AUTHORIZATION OF APPROPRIATION.—There is authorized to be appropriated, from the fund established by section 210(f) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 490(f)), to the Administrator for transfer to the Corporation for carrying out this section and section 4 $3,700,000 for fiscal year 1988. Such sums shall remain available until expended. Contracts.

SEC. 6. LEASE OF BUILDING BY GSA. (a) ENTRY INTO AGREEMENT.—Before the development agreement

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is entered into under section 5, the Administrator shall enter into with the person selected to construct the building under section 5 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 Act, 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 pa3mients. (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 8. (c) ACCOUNTING SYSTEM.—The Administrator shall maintain an accounting system for operation and maintenance of the building to be constructed under section 5 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 pa3mrients 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)).

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