§12.12. What are the terms and conditions of transfers or leases of surplus Federal real property? — Inbound Citations
34 C.F.R. § 12.12
Statutory Authority
Cited by 1 regulation in release Current.
Citations to §12.12(a)
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(3) If the transferee or lessee does not put the surplus Federal real property into use within the applicable time limitation in § 12.12(a), the Secretary may require the transferee or lessee to make cash payments to the Secretary equivalent to the current fair market rental value of the surplus Federal real property for each month during which the program and plan of use has not been implemented.