---
kind: "section"
citation: "12 U.S.C. § 1748d"
title: "12"
title_heading: "Banks and Banking"
number: "1748d"
heading: "Lease of property; terms and conditions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1748d"
units:
  - "Chapter 13 — National Housing"
  - "Subchapter VIII — Armed Services Housing Mortgage Insurance"
---

# §1748d. Lease of property; terms and conditions


Whenever the [Secretary](/usc/12/1715z–22a.md?p=4) of the Army, Navy, or Air Force determines that it is necessary to lease any land held by the United States on or near a [military](/usc/12/1748.md?p=f) installation to effectuate the purposes of this subchapter, he may lease such land upon such terms and conditions as will, in his opinion, best serve the national interest. The authority conferred by this section shall be in addition to and not in derogation of any other power or authority of the [Secretary](/usc/12/1715z–22a.md?p=4) of the Army, Navy, or Air Force.


## Source credit

(June 27, 1934, ch. 847, title VIII, § 805, as added Aug. 8, 1949, ch. 403, § 1, 63 Stat. 576; amended Aug. 11, 1955, ch. 783, title IV, § 401, 69 Stat. 651.)

## Notes

### Editorial Notes

### Amendments

1955—Act Aug. 11, 1955, struck out specific references to sections authorizing leases of property, and struck out the power to sell, transfer, and convey real property.