§ 672. — Longterm lease authority for navigation and communications systems sites.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 14USC672]
TITLE 14--COAST GUARD
PART I--REGULAR COAST GUARD
CHAPTER 17--ADMINISTRATION
Sec. 672. Long-term lease authority for navigation and
communications systems sites
(a) The Secretary is authorized, subject to the availability of
appropriations, to enter into lease agreements to acquire real property
or interests therein for a term not to exceed 20 years, inclusive of any
automatic renewal clauses, for aids to navigation (hereafter in this
section referred to as ``ATON'') sites, vessel traffic service
(hereafter in this section referred to as ``VTS'') sensor sites, or
National Distress System (hereafter in this section referred to as
``NDS'') high level antenna sites. These lease agreements shall include
cancellation and termination provisions to the extent necessary to
protect the best interests of the United States. Cancellation payment
provisions may include consideration of both recurring and nonrecurring
costs associated with the real property interests under the contract.
These lease agreements may provide for a cancellation payment to be
made. Amounts that were originally obligated for the cost of the
contract may be used for cancellation or termination costs.
(b) The Secretary may enter into multiyear lease agreements under
subsection (a) of this section whenever the Secretary finds that--
(1) the use of such a lease agreement will promote the
efficiency of the ATON, VTS, or NDS programs and will result in
reduced total costs under the agreement;
(2) the minimum need for the real property or interest therein
to be leased is expected to remain substantially unchanged during
the contemplated lease period; and
(3) the estimates of both the cost of the lease and the
anticipated cost avoidance through the use of a multiyear lease are
realistic.
(Added Pub. L. 103-206, title III, Sec. 304(a), Dec. 20, 1993, 107 Stat.
2424; amended Pub. L. 104-324, title VII, Sec. 746(d), Oct. 19, 1996,
110 Stat. 3943.)
Amendments
1996--Pub. L. 104-324 added section catchline and struck out former
section catchline.
