FEDERAL · 50 U.S.C. · Chapter SUBCHAPTER V—MISCELLANEOUS PROVISIONS
Use of funds for the purchase of options to purchase real property
50 U.S.C. § 2466
Title50 — War and National Defense
ChapterSUBCHAPTER V—MISCELLANEOUS PROVISIONS
This text of 50 U.S.C. § 2466 (Use of funds for the purchase of options to purchase real property) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
50 U.S.C. § 2466.
Text
(a)Authority
Subject to the limitation in subsection (b), funds authorized to be appropriated for the Administration for the purchase of real property may be expended to purchase options for the purchase of real property.
(b)Limitation on price of options
The price of any option purchased pursuant to subsection (a) may not exceed the minor construction threshold (as defined in section 2741 of this title).
(c)Notice
Not later than 14 days after the date an option is purchased pursuant to subsection (a), the Administrator shall submit to the congressional defense committees—
(1)a notification of such purchase; and
(2)a summary of the rationale for such purchase.
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Related
§ 2741
50 U.S.C. § 2741
Source Credit
History
(Pub. L. 106–65, div. C, title XXXII, §3265, as added Pub. L. 117–263, div. C, title XXXI, §3119, Dec. 23, 2022, 136 Stat. 3055.)
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Bluebook (online)
50 U.S.C. § 2466, Counsel Stack Legal Research, https://law.counselstack.com/usc/50/2466.