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B-203788 1 (1981-07-07)

handle is hein.gao/gaobabkcb0001 and id is 1 raw text is: ( UTI - UNITED STATES GENERAL ACCOUNTING OFFICE × WASHINGTON, D.C. 20548 IN REPLY B-203788 REFER TO: OFFICE OF GENERAL COUNSEL July 7, 1981 John G. Gaine, Esquire General Counsel Commodity Futures Trading Commission 2033 K St., N.W. Washington, D.C. 20581 Dear Mr. Gaine: This will acknowledge your letter of June 18, 1981, concerning the Commodity Futures Trading Commission's leas- ing authority under the Agriculture, Rural Development, and Related Agencies Appropriation Act, 1981, Pub. L. No. 96-528 (December 15, 1980), 94 Stat. 3095. The Act appropriates to the Commission-- For necessary expenses to carry out the provisions of the Commodity Exchange Act, as amended * * * in- cluding * * * the rental of space (to include multiple year leases) in the District of Columbia and elsewhere * * * $17,966,000 to be available as authorized by law * * 94 Stat. 3116 (Emphasis supplied). Based on the above-quoted language and the legislative history discussed in your letter, I agree that the Act grants the Commission multiple year leasing authority during fiscal year 1981. Of course, this authority will expire with the appropriation at the end of the current fiscal year. I express no view as to the scope or application of this authority in any particular circumstances. As noted in your letter, the Senate Appropriations Committee report states in part: 1* * * It is the intent of the Committee that multiple year leases should be entered into by the Commis- sion whenever a cost savings may be reasonably expected. However, the Commission must comply with all of the applicable statutory requirements 4 ! IiS

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