Division and District Engineers and the Chiefs of the Real Estate Division are authorized to execute leases, and renewals of leases, for river and harbor or flood control purposes, subject to necessary approvals and clearances. The provisions of 10 U.S.C. 2662, which require reporting of certain leases proposals to the Armed Services Committees of the Congress, do not apply to leases for civil works.
(a) Approvals required. The following lease actions for civil works projects will be referred to DAEN-REA-L for consideration:
(1) Where the annual rental is in excess of $50,000.
(2) Where the leasing involved is for space for both military and civil functions, and the rental for the portion used for military purposes is in excess of $50,000. The report required is covered in Sec. 644.135(a).
(b) Records. The originals of leases for civil works purposes, together with supporting data, will be retained at the Division or District Engineer offices for site audit in accordance with Section 7530, ``General Accounting Office Policy and Procedures Manual for Guidance of Federal Agencies.''