Sec. 17. Sales and savings
177 words·~1 min read·
/bill/114/hr/4487/rds/section-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section, the term property means the following: The property located in the District of Columbia, subject to survey and as determined by the Administrator of General Services, generally consisting of Squares 325 and 326 and a portion of Square 351 and generally bounded by 12th Street, Independence Avenue, C Street, and the James Forrestal Building, all in Southwest Washington, District of Columbia, including all associated air rights, improvements thereon, and appurtenances thereto.
The property located in the District of Columbia, subject to survey and as determined by the Administrator, generally consisting of Square 326 south of C Street, including the building known as the Cotton Annex. Not later than December 31, 2018, the Administrator shall sell the property at fair market value at highest and best use. Any net proceeds of a sale under subsection
(b)shall be paid into an account in the Federal Buildings Fund established under section 592 of title 40, United States Code. Upon deposit, the net proceeds from the sale may be expended only subject to a specific future appropriation.