113 S2936 IS: To provide that in the case of leases to local education agencies and elementary and secondary schools, consideration may be at or below fair market value or for no consideration. U.S. Senate 2014-11-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II113th CONGRESS2d SessionS. 2936IN THE SENATE OF THE UNITED STATESNovember 18, 2014Mr. Scott introduced the following bill; which was read twice and referred to the Committee on Armed ServicesA BILLTo provide that in the case of leases to local education agencies and elementary and secondary schools, consideration may be at or below fair market value or for no consideration.

1.

Leasing of non-excess property of military departments and Defense Agencies; treatment of value provided by local education agencies and elementary and secondary schools

Section 2667 of title 10, United States Code, is amended by adding at the end the following new subsection:(k)

Leases for education

In the case of a lease under this section to a local education agency or an elementary or secondary school (as those terms are defined in section 9101 of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7801)), consideration may be at or below fair market value or for no consideration..