Title 12, Banks and BankingRelease 119-102
§1748d Lease of Property; Terms and Conditions
Title 12 › CHAPTER 13 — NATIONAL HOUSING › SUBCHAPTER VIII — ARMED SERVICES HOUSING MORTGAGE INSURANCE › § 1748d
Summary
The Secretary of the Army, Navy, or Air Force may lease U.S. land near a military base to carry out this subchapter on terms it finds in the national interest; this adds to other powers.
Full Legal Text
Title 12, §1748d
Banks and Banking, Source: USLM XML via OLRC
Whenever the Secretary of the Army, Navy, or Air Force determines that it is necessary to lease any land held by the United States on or near a military installation to effectuate the purposes of this subchapter, he may lease such land upon such terms and conditions as will, in his opinion, best serve the national interest. The authority conferred by this section shall be in addition to and not in derogation of any other power or authority of the Secretary of the Army, Navy, or Air Force.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1955—Act Aug. 11, 1955, struck out specific references to sections authorizing leases of property, and struck out the power to sell, transfer, and convey real property.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1748d
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102