Public Law 115-438. To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.Jan
257 words·~1 min read·
/plaw/115/public/438A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An Act To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.Jan. 14, 2019[[H.R. 7319](/us/bill/115/hr/7319)] * Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* ## SECTION 1 LEASEBACK RESTRICTION Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 2016 ([40 U.S.C. 1303 note](/us/usc/t40/s1303); [Public Law 114–287](/us/pl/114/287)) is amended— ####
(1)Time period. by inserting “for a period of greater than 3 years” before the period at the end; ####
(2)by striking “ None of the ” and inserting the following: > > ##### “(A) In general > > None of the” > ; and ####
(3)by adding at the end the following: > > ##### “(B) Requirements > > A leaseback under this paragraph— > > > ###### “(i) > > Expiration date. > > shall expire on or before the last day of the 3-year period beginning on the date of the sale of the respective property; > > > ###### “(ii) > > may not contain any options to extend or renew the leaseback; > > > ###### “(iii) > > may only be entered into once for purposes of temporarily housing the Federal agency in the property at the time of the sale; and > > > ###### “(iv) > > shall only be for the purpose of facilitating the sale of the respective property.” > . Approved January 14, 2019.
Connections4 cite this · traces to 1
Cited by 4 sections · top 3
statutes-at-large
- Public Law 115–438To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes
- Public Law 115–437To amend the Federal Assets Sale and Transfer Act of 2016 to ensure that the Public Buildings Reform Board has adequate time to carry out the responsibilities of the Board, and for other purposes
Traces to 1 document
1 reference not yet in our index
- Pub. L. 114-287
Citation graph
cites case law
Public Law 115-438
To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.Jan
Stat.×3
U.S.C.×1
Pub. L.Pub. L. 114-287
Cites 2Cited by 4 across 2 sources