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PUBLIC LAW 85-493-JULY 2, 1958

[72 8 T A T,

Public Law 85-493 Julv 2, 1958 [S. 2533]

Lease me tits.

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64 Stat. 580; 68 Stat. 1129.

63 Stat. 388. 66 Stat. 594.

Repeals.

AN ACT To amend the Federal Property and Administrative Services Act of 1949 to authorize the Administrator of General Services to lease space for Federal agencies for periods not exceeding ten years, and for other purposes.

Be it enacted by the Seriate and Hoivse of Representatives of the United States of America in Congress assembled, That section 210 of the Federal Property and Administrative Services Act of 1949, as amended (40 U.S.C. 490), is amended by adding at the end thereof the following new subsection: " (h)(1) The Administrator is authorized to enter into lease agreements with any person, copartnership, corporation, or other public or private entity, which do not bind the Government for periods in excess of ten years for each such lease agreement, on such terms as he deems to be in the interest of the United States and necessary for the accommodation of Federal agencies in buildings and improvements which are in existence or to be erected by the lessor for such purposes and to assign and reassign space therein to Federal agencies. "(2) If the unexpired portion of any lease of space to the Government is determined by the Administrator to be surplus property and the property is thereafter disposed of by sublease by the Administrator, the Administrator is authorized, notwithstanding section 204(a), to deposit rental received in the buildings management fund (40 U.S.C. 490 (f)) and defray from the fund any costs necessary to provide services to the Government's lessee and to pay the rent not otherwise provided for on the lease of the space to the Government". SEC. 2. The following laws are repealed: The portion of the Act of March 2, 1913, pertaining to the leasing of storage space in the District of Columbia (37 Stat. 718), as amended by section 6 of the Act of June 14, 1946 (60 Stat. 258; 40 U.S.C. 36); section 407, Act of June 16, 1949 (63 Stat. 199, as amended; 40 U.S.C. 37a): and the first sentence of amended section 3 of the Act of August 27, 1935 (60 Stat. 257; 40 U.S.C. 304c). Approved July 2, 1958.

Public Law 85-494 July 2, 1958 [H. R. 4683]

AN ACT To authorize adjustment, in the public interest, of rentals under leases entered into for the provision of commercial recreational facilities at the Lake Greeson Reservoir, Narrows Dam.

Be it ermcted by the Senate and House of Representatives of the Lake Greeson United Stotcs of America in Congress assembled. That the Chief of rowl l/a^'! A^k. *^ Engineers, under the supervision of the Secretary of the Army, is Leases, authorized to amend any lease providing for the construction, maintenance, and operation of commeT^cial recreational facilities at the Lake Greeson Reservoir, Narrows Dam, entered into prior to the date of the enactment of this Act under section 4 of the Act of December 68 Stat. 1266. 22, 1944, as amended (16 U.S.C. 460d), so as to provide for adjustment, either by increase or decrease, from time to time during the term of such lease of the amount of rental or other consideration payable to the United States under such lease, when and as he determines such adjustment to be necessary or advisable in the public interest. No adjustment shall be made under the authority of this Act so as to increase or decrease the amount of rental or other consideration payable under such lease for any period prior to the date of such adjustment. Approved July 2, 1958.

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