§ 2466. Use of funds for the purchase of options to purchase real property

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(a)Authority Subject to the limitation in subsection (b), funds authorized to be appropriated for the Administration for the purchase of real property may be expended to purchase options for the purchase of real property.

(b)Limitation on price of options The price of any option purchased pursuant to subsection

(a)may not exceed the minor construction threshold (as defined in section 2741 of this title).

(c)Notice Not later than 14 days after the date an option is purchased pursuant to subsection (a), the Administrator shall submit to the congressional defense committees—

(1)a notification of such purchase; and

(2)a summary of the rationale for such purchase.

(Pub. L. 106–65, div. C, title XXXII, § 3265, as added Pub. L. 117–263, div. C, title XXXI, § 3119, Dec. 23, 2022, 136 Stat. 3055.)

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public-private-law

Public Law 117-263
James M. Inhofe National Defense Authorization Act for Fiscal Year 2023

statute-compilations

statutes-at-large

Public Law 117–263
To authorize appropriations for fiscal year 2023 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes

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public-private-law

James M. Inhofe National Defense Authorization Act for Fiscal Year 2023
Public Law 117-263

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section 2741 of this title
Pub. L. 106–65, div. C, title XXXII, § 3265
136 Stat. 3055

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§ 2466

Use of funds for the purchase of options to purchase real property

Stat. Comp.×2

Pub. L.×1

Stat.×1

Pub. L.Public Law 117-263

Citesection 2741 of this title

Pub. L.Pub. L. 106–65, div. C, title XXXII, § 3265

Stat.136 Stat. 3055

Cites 4Cited by 4 across 3 sources