22 U.S.C. § 301 : US Code - Section 301: Lease or rental arrangements of not less than ten years; approval by Secretary; delegation of authority; information to Congress

Search 22 U.S.C. § 301 : US Code - Section 301: Lease or rental arrangements of not less than ten years; approval by Secretary; delegation of authority; information to Congress

(a) Leases
Notwithstanding the provisions of this chapter or any other Act,
no lease or other rental arrangement for a period of less than ten
years, and requiring an annual payment in excess of $50,000 shall
be entered into by the Secretary of State for the purpose of
renting or leasing offices, buildings, grounds, or living quarters
for the use of the Foreign Service abroad, unless such lease or
other rental arrangement is approved by the Secretary. The
Secretary may delegate his authority under this section only to the
Deputy Under Secretary of State for Administration or to the
Director of the Office of Foreign Buildings. The Secretary shall
keep the Congress fully and currently informed with respect to
leases or other rental arrangements approved under this section.
(b) Advance payments for long-term leases and lease purchase
The Secretary may, subject to the availability of appropriations,
make advance payments for long-term leases and lease-purchase
agreements, if the Secretary or his designee determines, in each
case, that such payments are in the interest of the United States
Government in carrying out the purposes of this chapter.