Sec. 728. Transfer of old OTS building from OCC to GSA
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/bill/115/hr/10/rfs/section-728A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Within 180 days of the date of the enactment of this Act, the Comptroller of the Currency shall transfer, at no cost, the parcel of real property in the District of Columbia located at 1700 G Street, Northwest, to the administrative jurisdiction, custody, and control of the Administrator of General Services. The Administrator of General Services shall carry out a study to determine— the Consumer Law Enforcement Agency’s office real estate leasing needs, in light of the changes to the Agency’s structure made by this Act; whether the office space referenced in subsection
(a)is the most cost-effective use of taxpayer money in meeting those needs, relative to alternative leasing options in the Washington, D.C. Metropolitan Area; and if there is a Government department or agency that has building needs that could be met by moving all or a portion of the employees of such department or agency to the property described under subsection (a). Not later than the end of the 6-month period beginning on the date of the enactment of this Act, the Administrator of General Services shall issue a report to the Congress containing all findings and determinations made in carrying out the study required under paragraph (1). If, after carrying out the study required under paragraph (1), the Administrator of General Services determines that— the Consumer Law Enforcement Agency’s office real estate leasing needs have changed in light of the changes to the Agency’s structure made by this Act, and that there is no Government department or agency that has building needs that could be met by moving all or a portion of the employees of such department or agency to the property described under subsection (a), the Administrator may sell such property to the highest bidder, so long as the revenue from the sale exceeds the combined cost of building such property and the cost of the most recently completed renovation of such property.