Sec. 1412. Storage of strategic and critical materials in National Defense Stockpile
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/bill/118/s/4638/rs/section-1412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Strategic and Critical Materials Stock Piling Act ( 50 U.S.C. 98 et seq. ) is amended by inserting after section 6 the following: The National Defense Stockpile Manager may enter into a lease with an individual or entity (including another department or agency of the Federal Government or an entity of a State or local government) for the storage of strategic and critical materials acquired pursuant to this Act. The Stockpile Manager may, with regard to any underutilized real property that is not excess property (as defined in section 102 of title 40, United States Code) and related personal property, prioritize entering into a lease under subsection
(a)with another Federal department or agency. The Stockpile Manager shall provide an individual or entity entering into a lease under subsection
(a)monetary consideration for the lease at fair market value. The Stockpile Manager shall require such terms and conditions in connection with a lease entered into under subsection
(a)as the Stockpile Manager considers appropriate to protect the national security interests of the United States. The Stockpile Manager may not enter into a lease under subsection
(a)unless the Stockpile Manager certifies to the appropriate committees of Congress that the lease will not have a negative impact on the mission of the Stockpile Manager. The Stockpile Manager may enter into not more than two leases under subsection
(a)during each fiscal year. The authority to enter into leases under subsection
(a)shall expire on January 1, 2034. The expiration under this subsection of the authority to enter into leases under subsection
(a)shall not affect the validity or term of leases entered into under that subsection before the expiration of that authority. Not later than one year after the date of the enactment of this section, and annually thereafter, the Stockpile Manager shall submit to the appropriate committees of Congress a report describing— any lease entered into by the Stockpile Manager under subsection
(a)in the preceding year; utilization of the leased property; and the strategic and critical materials stored at that property. In this section, the term appropriate committees of Congress means— the Committee on Armed Services and the Committee on Energy and Natural Resources of the Senate; and the Committee on Armed Services, the Committee on Energy and Commerce, and the Committee on Natural Resources of the House of Representatives. .
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Sec. 1412
Storage of strategic and critical materials in National Defense Stockpile
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