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![handle is hein.gao/gaobadrrc0001 and id is 1 raw text is:
COMPTROLLER GENERAL OF THE UNITED STATES
WASHINGTON, D.C. 20348 /
B-95136
FEB 7
ihe Honorable John D. Lirell
Chairman, Subcovmittee on Energy . itl
and Power
cosuittee on Interstate and Foreign
Conerce
ouje of Representatives
Den Fr. Chairmana
]Reference Is made to your letter of December 6, 1976.
supplementing a previous letter dated November 5, 1976.
concernina the partial relocation of the Federal Enerqy
Adtsnistration (PfA) to the Buzzard Point buildlnq, which
hae been leased by the General Services Administration
,(GSA) In Southwest Washington, D.C. In your December 6
letter, you requested our opinion as to the validity of
GSA's lease of the Buzzard Point buildinq and our coe,.ants
o a GSA economic analysis of various alternatives for
using the Buzzard Point buildinq.
As agreed with your Subcommittee staff, our response
Is divided Into two reports. This letter deals with 'the
validity of GSA's lease of the Buzzard Point building. Our j
omntv on GSA's economic analysis of various alternatives
for uslnq the Buzzard Point building are in a separate
U report.
* On harch 24, 1974, the Securities and Exchange Comiis-
tion (SEC) requested that GSA provide 434.771 square feet
of space for the expansion and consolidation of S&EC's head-
quarters and Washington regional offices, At that time,
part of SEC's offices were at 500 North Capitol Street, M1.,
Washinqton, D.C.. under a lease which was scheduled to
expire in April 1976.
GSA determined that there was no space in Its inven-
tory which would satisfy SEC'E request, and, therefore,
in accordance with section 7(a) of the Publlc auildings
Act o1 1959, as amended, 40 U.S.C. S60b{ah'(upr. i, 1975),
lubmitted a prospectus for a proposed SEC lease to the
Vouse and Senate Committees on 1;ublic horks. T1he rrospectus.
'fted Auqust 2, 1974, state6 in rart:](ViewImageLocal?handle=hein.gao/gaobadrrc0001&div=1&collection=&method=preview&ext=.png&size=3)