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LCD-80-7 1 (1979-10-17)

handle is hein.gao/gaobaazvt0001 and id is 1 raw text is: 



REPORT BY THE                                                   11070(


Comptroller General


OF THE UNITED STATES                         RELEASED

                  RESTRICTED -   Not to be released outs;de the General
                  Accon. t'.   'c .. ccpt on tbe basi. of specific approval
                  by tie Office of CoNgressional Relations.
Costs And Budgetary Impact Of

The General Services Administration's

Purchase Contract Program



As a means of financing space acquisition,
General Services purchase-contract program
is more costly than direct Federal construction.
However, the program offers certain benefits
which can make purchase contracting a use-
ful alternative to direct Federal construction
and leasing.

General Services purchase-contract authority
expired in 1975. Pending legislation either
would restore that authority or authorize
the agency to finance public-building acquisi-
tion or construction by direct Treasury loans.


     If new legislation is enacted, General Services
     financing authority should be limited to direct
     loans from the Treasury or Federal Financing
     Bank. Further, if the agency's Federal Build-
     ings Fund is required to pay local real estate
     taxes under the new legislation, the Fund
I    should be compensated for such payments.


I I11Jllll0701
    110701


50 7lsr5 7


        LCD-80-7
OCTOBER 17, 1979

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