§6734 — Title 40 Public Buildings, Property, and Works | U.S. Code

Summary

The building on the Federal Triangle property must be called the Ronald Reagan Building and International Trade Center. The developer chosen to build it may own the building for up to 35 years starting when construction begins. Once the Federal Triangle property’s title is returned to the Administrator of General Services, the Administrator will hold the building’s title. The building (including parking) cannot be larger than 3,100,000 gross square feet and its height must fit with nearby federal buildings. Its design must match the historic and government buildings nearby, honor Pennsylvania Avenue’s importance, and show the government’s dignity and stability. The building must meet federal construction rules. The Administrator must keep accounting to predict major repair and replacement costs and make sure funds are available. The Administrator will lease space for federal offices and the international cultural and trade center. Lease terms must match the developer’s ownership period, set rent in the government’s best interest, and produce enough to pay off development costs over the lease; Federal Building Fund payments can only be made each year to meet lease payments.

Title 40, §6734

Public Buildings, Property, and Works — Source: USLM XML via OLRC

(a)The building constructed on the Federal Triangle property shall be known and designated as the Ronald Reagan Building and International Trade Center.

(b)The person selected to develop the Federal Triangle property may own the Building for not more than 35 years from the date construction of the Building began. The title to the Building shall be in the Administrator of General Services from the date title to the Federal Triangle property reverts to the Administrator.

(c)(1)The Building (including parking facilities) may not exceed 3,100,000 gross square feet in size.

(2)The height of the Building shall be compatible with the height of surrounding Federal Government buildings.

(3)The Building shall—

(A)be designed in harmony with historical and Government buildings in the vicinity;

(B)reflect the symbolic importance and historic character of Pennsylvania Avenue and the Nation’s Capital; and

(C)represent the dignity and stability of the Government.

(d)The Building shall meet all standards applicable to construction of a federal building.

(e)The Administrator shall maintain an accounting system for operation and maintenance of the Building which will allow accurate projections of the dates and cost of major repairs, improvements, reconstructions, and replacements of the Building and other capital expenditures on the Building. The Administrator shall act as necessary to ensure that amounts are available to cover the projected cost and expenditures.

(f)(1)Under an agreement with the person selected to construct the Ronald Reagan Building and International Trade Center, the Administrator shall lease the Building for federal office space and the international cultural and trade center space.

(2)The agreement includes at a minimum the following:

(A)The Administrator will lease the Building for the period of time that the person selected to construct the Building owns the Building.

(B)The rental rate per square foot of occupiable space for all space in the Building will be in the best interest of the Government and will carry out the objectives of this subchapter and the Federal Triangle Development Act (Public Law 100–113, 101 Stat. 735). The aggregate rental rate for all space in the Building shall produce an amount at least equal to the amount necessary to amortize the cost of development of the Federal Triangle property over the life of the lease.

(C)Obligation of amounts from the Federal Building Fund shall only be made on an annual basis to meet lease payments.

(3)Amounts may be obligated as described in paragraph (2)(C).

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 6734(a)40:1101 note.Pub. L 104–68, § 1, Dec. 22, 1995, 109 Stat. 766. 6734(b)40:1102(a)(2) (last sentence).Pub. L. 100–113, §§ 3(a)(2) (last sentence), 4(b), 5(b)(2)(B), (d), 6, Aug. 21, 1987, 101 Stat. 736, 737, 739, 740. 40:1104(b)(2)(B). 6734(c)40:1103(b). 6734(d)40:1104(d). 6734(e)40:1105(c). 6734(f)(1)40:1105(a). 6734(f)(2)40:1105(b). 6734(f)(3)40:1105(d). In subsection (b), the words “Ownership of such property and building will be by the United States” in 40:1104(b)(2)(B) are omitted as unnecessary. In subsection (d), the text of 40:1104(d) (last sentence) is omitted as obsolete. Subsection (f)(1) is substituted for 40:1105(a) to eliminate obsolete words. In subsection (f)(2), the text of 40:1105(b)(4) is omitted as obsolete. Subsection (f)(3) is substituted for 40:1105(d) to eliminate unnecessary words.

Editorial Notes

References in Text

The Federal Triangle Development Act, referred to in subsec. (f)(2)(B), is Pub. L. 100–113, Aug. 21, 1987, 101 Stat. 735, which was classified to chapter 22 (§ 1101 et seq.) of former Title 40, Public Buildings, Property, and Works, prior to repeal, omission, and reenactment as this subchapter by Pub. L. 107–217, §§ 1, 6(b), Aug. 21, 2002, 116 Stat. 1062, 1304. For complete classification of this Act to the Code, see Tables.

Statutory Notes and Related Subsidiaries

Reference to Ronald Reagan Building and International Trade Center Pub. L. 104–68, § 2, Dec. 22, 1995, 109 Stat. 766, provided that: “Any reference in a law, map, regulation, document, paper, or other record of the United States to the building referred to in section 1 [now 40 U.S.C. 6734(a)] shall be deemed to be a reference to the ‘Ronald Reagan Building and International Trade Center’.”

§6734 Ronald Reagan Building and International Trade Center