Sec. 1160. FUTURE FACILITY INVESTMENT
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## SEC. 1160 FUTURE FACILITY INVESTMENT **[**[33 U.S.C. 701b-10](/us/usc/t33/s701b-10)**]** The first section of the Act of July 27, 1953 (67 Stat. 199, chapter 245; 33 U.S.C. 576), is amended— ####
(1)by striking “ For establishment of a revolving fund ” and inserting the following: > > ### “(a) Revolving Fund > > For establishment of a revolving fund” > ; and ####
(2)by adding at the end the following: > > ### “(b) Prohibition > > > #### “(1) In general > > No funds may be expended or obligated from the revolving fund described in subsection
(a)to newly construct, or perform a major renovation on, a building for use by the Corps of Engineers unless specifically authorized by law. > > > #### “(2) Statutory Construction > > Nothing in this subsection may be construed to— > > > ##### “(A) > > change any authority provided under subchapter I of chapter 169 of title 10; or > > > ##### “(B) > > change the use of funds under subsection
(a)for purposes other than those described in paragraph (1). > > > ### “(c) Transmission to Congress of Prospectus > > To secure consideration for an authorization under subsection (b), the Secretary shall transmit to the Committee on Transportation and Infrastructure of the House of Representative and the Committee on Environment and Public Works of the Senate a prospectus of the proposed construction or major renovation of a building that includes— > > > #### “(1) > > a brief description of the building; > > > #### “(2) > > the location of the building; > > > #### “(3) > > an estimate of the maximum cost to be provided by the revolving fund for the building to be constructed or renovated; > > > #### “(4) > > the total size of the building after the proposed construction or major renovation; > > > #### “(5) > > the number of personnel proposed to be housed in the building after the construction or major renovation; > > > #### “(6) > > a statement that other suitable space owned by the Federal Government is not available; > > > #### “(7) > > a statement of rents and other housing costs currently being paid for the tenants proposed to be housed in the building; and > > > #### “(8) > > the size of the building currently housing the tenants proposed to be housed in the building. > > > ### “(d) Provision of Building Project Surveys > > > #### “(1) In general > > If requested by resolution by the Committee on Environment and Public Works of the Senate or the Committee on Transportation and Infrastructure of the House of Representatives, the Secretary shall create a building project survey for the construction or major renovation of a building described in subsection (b). > > > #### “(2) Report > > Within a reasonable time after creating a building project survey under paragraph (1), the Secretary shall submit to Congress a report on the survey that includes the information required to be included in a prospectus under subsection (c). > > > ### “(e) Major Renovation Defined > > In this section, the term ‘**major renovation**’ means a renovation or alteration of a building for use by the Corps of Engineers with a total expenditure of more than $20,000,000.” > .
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- 67 Stat. 199
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