12 U.S.C. · Banks and Banking
12 U.S.C. § 1748d

Lease of property; terms and conditions

Ch. 13 — NATIONAL HOUSING
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 13
Statutory Text

12 U.S.C. § 1748d — Lease of property; terms and conditions

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING SUBCHAPTER VIII - ARMED SERVICES HOUSING MORTGAGE INSURANCE Sec. 1748d - Lease of property; terms and conditions From the U.S. Government Publishing Office, www.gpo.gov

§1748d. Lease of property; terms and conditions

Whenever the Secretary of the Army, Navy, or Air Force determines that it is necessary to lease any land held by the United States on or near a military installation to effectuate the purposes of this subchapter, he may lease such land upon such terms and conditions as will, in his opinion, best serve the national interest. The authority conferred by this section shall be in addition to and not in derogation of any other power or authority of the Secretary of the Army, Navy, or Air Force.

(June 27, 1934, ch. 847, title VIII, §805, as added Aug. 8, 1949, ch. 403, §1, 63 Stat. 576; amended Aug. 11, 1955, ch. 783, title IV, §401, 69 Stat. 651.)

Editorial Notes

Amendments 1955—Act Aug. 11, 1955, struck out specific references to sections authorizing leases of property, and struck out the power to sell, transfer, and convey real property.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 1748d is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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