Sec. 1523. Modification of leasing authority of Armed Forces Retirement Home
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Section 1511(i) of the Armed Forces Retirement Home Act of 1991 ( 24 U.S.C. 411(i) ) is amended by adding at the end the following new paragraphs: Before entering into a lease described in this subsection, the Chief Operating Officer may enter into an agreement with a potential lessee providing for a period of exclusivity, access, study, or for similar purposes. The agreement shall provide for the payment (in cash or in kind) by the potential lessee of consideration for the agreement unless the Chief Operating Officer determines that payment of consideration will not promote the purpose and financial stability of the Retirement Home or be in the public interest.
No further approval by the Secretary of Defense, nor notification or report to Congress, shall be required for subordinate leases under this subsection unless the facts or terms of the original lease have materially changed. . Section 1511(i)(7) of the Armed Forces Retirement Home Act of 1991 ( 24 U.S.C. 411(i) ) is amended— by inserting an agreement with a potential lessee or after The proceeds from ; and by striking the period at the end and inserting , to remain available for obligation and expenditure to finance expenses of the Retirement Home related to the formation and administration of agreements and leases entered into under the provisions of this subsection. .
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Sec. 1523
Modification of leasing authority of Armed Forces Retirement Home
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