Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle C - Federal Property Management Regulations System |
Chapter 102 - Federal Management Regulation |
SubChapter C - Real Property |
Part 102-73 - Real Estate Acquisition |
Subpart C - Acquisition by Purchase or Condemnation |
Buildings |
§ 102-73.245 - When may Federal agencies consider purchase of buildings?
Latest version.
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§ 102-73.245 When may Federal agencies consider purchase of buildings?
A Federal agency may consider purchase of buildings on a case-by-case basis if it has landholding authority and when one or more of the following conditions exist:
(a) It is economically more beneficial to own and manage the property.
(b) There is a long-term need for the property.
(c) The property is an existing building, or a building nearing completion, that can be purchased and occupied within a reasonable time.
(d) When otherwise in the best interests of the Government.