Title 50, War and National DefenseRelease 119-110
§2466 Use of Funds for the Purchase of Options to Purchase Real Property
Title 50 › CHAPTER 41 — NATIONAL NUCLEAR SECURITY ADMINISTRATION › SUBCHAPTER V — MISCELLANEOUS PROVISIONS › § 2466
Summary
Money set aside for the Administration to buy real property can also be used to buy options to buy property. Any option bought this way cannot cost more than the "minor construction threshold" named in section 2741 of this title. Within 14 days after buying an option, the Administrator must send the congressional defense committees a notice of the purchase and a short explanation of why it was bought.
Full Legal Text
Title 50, §2466
War and National Defense, Source: USLM XML via OLRC
(a)Authority
Subject to the limitation in subsection (b), funds authorized to be appropriated for the Administration for the purchase of real property may be expended to purchase options for the purchase of real property.
(b)Limitation on price of options
The price of any option purchased pursuant to subsection (a) may not exceed the minor construction threshold (as defined in section 2741 of this title).
(c)Notice
Not later than 14 days after the date an option is purchased pursuant to subsection (a), the Administrator shall submit to the congressional defense committees—
(1)a notification of such purchase; and
(2)a summary of the rationale for such purchase.
Reference
Citations & Metadata
Citation
50 U.S.C. § 2466
Title 50, War and National Defense
Last Updated
Sep 22, 2026
Release point: 119-110