§ 1748d. — Lease of property; terms and conditions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1748d]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER VIII--ARMED SERVICES HOUSING MORTGAGE INSURANCE
Sec. 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, Sec. 805, as added Aug. 8, 1949,
ch. 403, Sec. 1, 63 Stat. 576; amended Aug. 11, 1955, ch. 783, title IV,
Sec. 401, 69 Stat. 651.)
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.
Section Referred to in Other Sections
This section is referred to in section 1748h-1 of this title.
