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B-114827 1 (1974-05-13)

handle is hein.gao/gaobabkoe0001 and id is 1 raw text is: KEsTgzCTED - Not to be r gea0sed outside the General is kept by th Mr.IiuI Section, P LbiaiasOach OA UNITED STATES GENERAL ACCOUNTING 0 FICE S RELEASED WASHINGTON, D.C. 20548 LOGISTICS AND COMMUNICATIONS DIVISION MAY 13 1974 B-114827 gi-The Honorable Fortney H. Stark, Jr. House of Representatives Dear Mr. Stark: ~'a 02S -R Your letter of February 12, 1974, asked us to obtain historical information on General Services Administration (GSA),Roced. pleseding ,, ,otrac0t to the Julian C. 2! 5 Cohen Salvage Corporation for demolition at the proposed Federal Home Loan Bank Board building site in the District of Columbia. You specifically inquired about the dates the contract was offered, the bidcdingmehodsed, and the com- panies and bids that were considered. We discussed the results of our review of the contract award with your office and it was agreed that we would send you a written summary of the information we obtained, in- cluding a listing of bids GSA received for the demolition contract. The Federal Home Loan Bank Act, as amended on Novem- ber 3, 1966, by Public Law 89-754 (12 U.S.C. 1438 (c)), authorizes the Board to use the services of the Adminis- trator of General Services for acquiring real property in the District and for constructing and equipping buildings for the Board and the agencies it supervises. The amendment to the act authorized the Board to (1) incur obligations of $13.2 million to acquire land and to construct and equip buildings and (2) finance acquisition of land and buildings from assessments against, or advances of funds by, the Federal home loan banks. On November 26, 1969, Public Law 91-126 increased the obligating authority from $13.2 million to $21.6 million.

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