40 USC § 624 - Information on certain leasing authorities

---
identifier: "/us/usc/t40/s624"
source: "usc"
legal_status: "official_legal_evidence"
title: "40 USC § 624 - Information on certain leasing authorities"
title_number: 40
title_name: "PUBLIC BUILDINGS, PROPERTY, AND WORKS"
section_number: "624"
section_name: "Information on certain leasing authorities"
chapter_number: 5
chapter_name: "PROPERTY MANAGEMENT"
subchapter_number: "VII"
subchapter_name: "PROPERTY MANAGEMENT"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 114–318, § 3(a), Dec. 16, 2016, 130 Stat. 1612.)"
---


# § 624. Information on certain leasing authorities

**(a)** **In General.—** Except as provided in subsection (b), not later than December 31 of each year following the date of enactment of this subchapter, a Federal agency with independent leasing authority shall submit to the Council a list of all leases, including operating leases, in effect on the date of enactment of this subchapter that includes—

**(1)** the date on which each lease was executed;

**(2)** the date on which each lease will expire;

**(3)** a description of the size of the space;

**(4)** the location of the property;

**(5)** the tenant agency;

**(6)** the total annual rental payment; and

**(7)** the amount of the net present value of the total estimated legal obligations of the Federal Government over the life of the contract.

**(b)** **Exception.—** Subsection (a) shall not apply to—

**(1)** the United States Postal Service; or

**(2)** any other property the Director excludes from subsection (a) for reasons of national security.

---

**Source Credit**: (Added Pub. L. 114–318, § 3(a), Dec. 16, 2016, 130 Stat. 1612.)

## Editorial Notes

### References in Text

The date of enactment of this subchapter, referred to in subsec. (a), is the date of enactment of , which was approved .