[Code of Federal Regulations]

[Title 48, Volume 5]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR917.7402]



[Page 320]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                     CHAPTER 9--DEPARTMENT OF ENERGY

 

PART 917_SPECIAL CONTRACTING METHODS--Table of Contents

 

      Subpart 917.74_Acquisition, Use, and Disposal of Real Estate

 

Sec. 917.7402  Policy.



    It is the policy of the Department of Energy that, when real estate 

acquisitions are made, the following policies and procedures shall be 

applied to such acquisitions:

    (a) Real estate acquisitions shall be mission essential; 

effectively, economically, and efficiently managed and utilized; and 

disposed of promptly, when not needed;

    (b) Acquisitions shall be justified, with documentation which 

describes the need for the acquisitions, general requirements, cost, 

acquisition method to be used, site investigation reports, site 

recommended for selection, and property appraisal reports; and

    (c) Acquisition by lease, in addition to the requirements in 

paragraphs (a) and (b) of this section:

    (1) Shall not exceed a one-year term if funded by one-year 

appropriations.

    (2) May exceed a one-year term, when the lease is for special 

purpose space funded by no-year appropriations and approved by the 

Department.

    (3) Shall contain an appropriate cancellation clause which limits 

the Government's obligation to no more than the amount of rent to the 

earliest cancellation date plus a reasonable cancellation payment.

    (4) Shall be consistent with Government laws and regulations 

applicable to real estate management.