Post Office Department Lease Purchase Act of 1952...Hearings ..... on H.R......March 4 & 11, 1952. (82-2) |
Common terms and phrases
Accounting Office acquisition advertise for bids amortize ANFUSO appropriate ARMSTRONG believe BETTERLEY bill BROADBENT Budget building program Bureau BURNSIDE BYRON G CHAIRMAN CHARLES JOHNSON city and county COMMITTEE ON POST Comptroller Congress congressional district construction program contractor CORBETT cost county of Denver DAVIS DEPARTMENT LEASE-PURCHASE ACT downward escalation enter escalator clause Expenditures Committee expiration Federal building Federal Government firm contract first-class offices funds gentlemen GROSS hear HENRY H House increased interest investment JOHNSON LANTAFF lease period lease quarters lease-purchase agreement legislation LESINSKI March 11 ment MILLER morning OFFICE AND CIVIL owner Post Office Department post-office building postal facilities postal purposes postal receipts Postmaster Public Buildings question real property REAMS REES renegotiate rent REYNOLDS SADLAK second-class offices Services Administration situation space for postal statement structures Thank tion TOLLEFSON Tom Murray town United WELCH
Popular passages
Page 25 - The committee met, pursuant to notice, at 10:10 am, in room 2118, Rayburn House Office Building, Hon. Melvin Price (chairman) presiding. The CHAIRMAN. The committee will be in order. This morning the committee will...
Page 3 - To amend the Public Buildings Act of 1949 to authorize the Administrator of General Services to acquire title to real property and to provide for the construction of certain public buildings thereon by executing purchase contracts ; to extend the authority of the Postmaster General to lease quarters for postoffice purposes ; and for other purposes.
Page 2 - Act; and any other provision of law (except applicable labor standards provisions) relating to the acquisition of real property, construction of buildings, or leasing of space, shall not apply to purchase contract agreements executed under this section.
Page 5 - In the performance of, and with respect to, the functions, powers, and duties...
Page 2 - Provided, That no such funds may be expended for acquisition of title to the property covered by any such agreement prior to the expiration of the contract term specified therein (whether by exercise of option to purchase or otherwise) in the absence of specific appropriation of funds for such acquisition, which appropriations are hereby authorized...
Page 1 - ... years and which shall provide in each case that title to the property shall vest in the United States at or before the expiration of the contract term and upon fulfillment of the terms and conditions stipulated in each of such purchase contracts. Such terms and conditions shall include provision for the application to the purchase price agreed upon therein of installment payments made thereunder...
Page 5 - ... amounting to $1,612,000. The CHAIRMAN. If we made it optional, you estimate it would save $1,612,000? Mr. FISHER. Yes, sir. The CHAIRMAN. And it would be deducted from the $19,000,000? Mr. FISHER. No ; that is already deducted in my estimate. The CHAIRMAN. You have already deducted that? Mr. FISHER. Yes, sir. The CHAIRMAN. I wish you would explain to the committee what this amendment that Mr. Mitchell suggested, known as the 35/70 amendment, means. Mr. FISHER. That means that there should be...
Page 4 - ... Columbia, and the Territories and possessions of the United States (including Guam), by negotiating and entering into lease-purchase agreements, the terms of which shall not be less than ten nor more than twenty-five years and which shall provide in each case that title to the property shall vest in the United States at or before the expiration of the leasehold term and upon fulfillment of the terms and conditions stipulated in each of such lease-purchase agreements. Such terms and conditions...
Page 1 - It is the purpose of this title to supplement existing provisions of law for the leasing of space for postal purposes by providing authorization for the acquisition by the Postmaster General of such space through the execution of lease-purchase and other agreements under which the United States will obtain immediate use of such space and will make periodic payments...
Page 2 - Each such lease-purchase agreement shall include such provisions as the Postmaster General, in his discretion, shall deem to be in the best interest of the United States and appropriate to secure the performance of the obligations imposed upon the party or parties that shall enter into such agreement with the United States.