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FGMSD-80-59 1 (1980-05-20)

handle is hein.gao/gaobabarm0001 and id is 1 raw text is: COMIPROLL.R GENERAL OF THE UNITED STATES ) , ,/ WASJHINGTrON. D.C. =5i/ RELEASED My2,18 B-1.o988411 The Honorable Ernest F. Hollings Chairman, Subcommittee on State, Justice, Commerce, the Judiciary, and Related Agencies Senate Committee on Appropriations Dear Mr. Chairman: Subject: Information on Housing the Securities and Exchange Commission at Multiple Locations in the Washington, D.C., Area (FGMSD-80-59) Your March 5, 1980, letter raised several questions about the Securities and Exchange Commission's current utilization of office space. (See encl. I.) Specifically, you asked us to determine --current leasing costs for Commission office space and the terms of these leases, --the number of professional staff members working in the Commission's Washington, D.C., area buildings who share an office, --the extent of travel between the Commission's Washington, D.C., area office buildings and the reason for such travel, and --how often records are transferred out of storage. Your letter was prompted by the Commission's request to the Congress for independent leasing authority to consolidate its four Washington area locations. The Commission believes a single consolidated location will reduce costs and permit the public to be better served. The Commission asked for $950,000 in its fiscal 1981 budget to begin consolidation efforts. The following provides (1) information on laws concerning the Government's leasing activities, (2) issues raised by your office, and (3) matters for the Subcommittee's consideration. 111111111111VIIlIII (908060) 112608

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