[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1676 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1676

 To amend title 10, United States Code, to provide for the competitive 
    selection of lessees when a military department leases certain 
 nonexcess personal property and to ensure that the Government obtains 
                  fair market value for the property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 20, 1997

  Mr. Spratt introduced the following bill; which was referred to the 
                     Committee on National Security

_______________________________________________________________________

                                 A BILL


 
 To amend title 10, United States Code, to provide for the competitive 
    selection of lessees when a military department leases certain 
 nonexcess personal property and to ensure that the Government obtains 
                  fair market value for the property.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LEASE OF NON-EXCESS PROPERTY OF THE MILITARY DEPARTMENTS.

    (a) Receipt of Fair Market Value.--Subsection (b)(4) of section 
2667 of title 10, United States Code, is amended by striking out ``, in 
the case of the lease of real property,''.
    (b) Competitive Selection.--Such section is further amended--
            (1) by redesignating subsection (g) as subsection (h); and
            (2) by inserting after subsection (f) the following new 
        subsection:
    ``(g) If a proposed lease under subsection (a) involves only 
personal property, the lease term exceeds one year, and the fair market 
value of the lease interest exceeds $100,000, as determined by the 
Secretary concerned, the Secretary shall use competitive procedures to 
select the lessee.''.
                                 <all>