14 U.S.C. § 670 : US Code - Section 670: Procurement authority for family housing

Search 14 U.S.C. § 670 : US Code - Section 670: Procurement authority for family housing

(a) The Secretary is authorized -
(1) to acquire, subject to the availability of appropriations
sufficient to cover its full obligations, real property or
interests therein by purchase, lease for a term not to exceed 5
years, or otherwise, for use as Coast Guard family housing units,
including the acquisition of condominium units, which may include
the obligation to pay maintenance, repair, and other condominium-
related fees; and
(2) to dispose of by sale, lease, or otherwise, any real
property or interest therein used for Coast Guard family housing
units for adequate consideration.
(b)(1) For the purposes of this section, a multiyear contract is
a contract to lease Coast Guard family housing units for at least
one, but not more than 5, fiscal years.
(2) The Secretary may enter into multiyear contracts under
subsection (a) of this section whenever the Coast Guard finds that -

(A) the use of a contract will promote the efficiency of the
Coast Guard family housing program and will result in reduced
total costs under the contract; and
(B) there are realistic estimates of both the cost of the
contract and the anticipated cost avoidance through the use of a
multiyear contract.
(3) A multiyear contract authorized under subsection (a) of this
section shall contain cancellation and termination provisions to
the extent necessary to protect the best interests of the United
States, and may include consideration of both recurring and
nonrecurring costs. The contract 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.