SEC. 2. DENVER FEDERAL CENTER DEVELOPMENT AU-
THORITY. 
Part C of subtitle II of title 40, United States Code, 
is amended by adding at the end thereof the following new 
chapter: 
‘‘CHAPTER 71—DENVER FEDERAL CENTER 
DEVELOPMENT 
‘‘§ 7101. Master lease development authority 
‘‘(a) IN GENERAL.—The Administrator of General 
Services may enter into leases of Federal real property, 
including improvements thereon, with totally non-Federal 
entities to provide for the construction, rehabilitation, op-
eration, maintenance, or use of all, or portions of, the 
Denver Federal Center as described in section (ll), or 
such other activities related to the Denver Federal Center 
as the Administrator considers appropriate. For purposes 
of this chapter, a lease of Federal real property, including 
improvements thereon, shall be referred to as a master 
lease. 
‘‘(b) TERMS AND CONDITIONS.—A master lease en-
tered into under this section—
‘‘(1) shall have as its primary purpose enhanc-
ing the value of the Denver Federal Center to the 
United States; 
‘‘(2) shall be negotiated pursuant to such proce-
dures as the Administrator considers necessary to
ensure the integrity of the selection process and to 
protect the interests of the United States; 
‘‘(3) may provide a lease option to the United 
States, to be exercised at the discretion of the Ad-
ministrator, to occupy any general purpose office, 
storage or other usable space in a facility covered 
under the master lease; 
‘‘(4) shall be for a term not to exceed 50 years; 
‘‘(5) shall describe the consideration, duties and 
responsibilities for which the United States and the 
non-Federal entity are responsible; 
‘‘(6) shall provide—
‘‘(A) that all development risk shall remain 
with the non-Federal entity; 
‘‘(B) that the United States will not be lia-
ble for any action, debt or liability of any non-
Federal entity; and 
‘‘(C) that such non-Federal entity may not 
execute any instrument or document creating or 
evidencing any indebtedness unless such instru-
ment or document specifically disclaims any li-
ability of the United States under the instru-
ment or document; and 
‘‘(7) shall include such other terms and condi-
tions as the Administrator considers appropriate.
‘‘(c) CONSIDERATION.—A master lease entered into 
under this section shall be for fair consideration, as deter-
mined by the Administrator. Consideration under a master 
lease may be provided in whole or in part through in-kind 
consideration, including provision of other real and related 
property, goods or services of benefit to the United States, 
construction, repair, remodeling, or other physical im-
provements of Federal property, environmental remedi-
ation or maintenance of Federal property, or the provision 
of office, storage or other usable space. 
‘‘§ 7102. Additional authorities 
‘‘(a) AUTHORITY TO CONVEY REMAINING INTER-
ESTS.—In carrying out a master lease entered into under 
this chapter, the Administrator is authorized to convey the 
interest of the United States in the property covered by 
the master lease to the non-Federal entity by sale or ex-
change, if the Administrator first determines in writing 
that such conveyance is in the interests of the United 
States; 
‘‘(b) OTHER AUTHORITIES NOT AFFECTED.—The 
authority to enter into a master lease under this chapter 
shall be in addition to, and not in lieu of, any other au-
thorities of the Administrator to convey interests in real 
property by lease, sale, or exchange.
‘‘(c) OBLIGATIONS TO MAKE PAYMENTS.— Any obli-
gation to make payments by the Administrator for the use 
of space, goods or services by the General Services Admin-
istration on property that is subject to a master lease 
under this chapter may only be made to the extent that 
necessary funds have been made available to the Adminis-
trator, in advance, in an annual appropriations Act. 
‘‘§ 7103. Relationship to other laws 
‘‘(a) IN GENERAL.—The authority of the Adminis-
trator under this chapter shall not be subject to—
‘‘(1) sections 521 through 529 and sections 541 
through 559; 
‘‘(2) section 1302; 
‘‘(3) section 3307; or 
‘‘(4) any other provision of law (other than 
Federal laws relating to environmental and historic 
preservation) inconsistent with this chapter. 
‘‘(b) UNUTILIZED OR UNDERUTILIZED PROPERTY.—
Any property covered under a master lease entered into 
under this section shall be deemed to be property for which 
there is a continuing Federal need and may not be consid-
ered to be unutilized or underutilized for purposes of sec-
tion 501 of the McKinney-Vento Homeless Assistance Act 
(42 U.S.C. 11411).
‘‘§ 7104. Use of proceeds 
‘‘(a) IN GENERAL.—Net proceeds from a master 
lease entered into under section 7101 shall be deposited 
into, administered, and expended, subject to appropria-
tions Acts, as part of the Federal Building Fund estab-
lished under section 592. In this section, the term ‘net 
proceeds from a master lease entered into under section 
7101’ means the rental proceeds from the master lease 
minus the expenses incurred by the Administrator with re-
spect to the master lease. 
‘‘(b) RECOVERY OF EXPENSES.—The Administrator 
may retain from the proceeds of a master lease entered 
into under section 7101 amounts necessary to recover the 
expenses incurred by the Administrator with respect to the 
master lease. Such amounts shall be deposited in the ac-
count in the Treasury from which the Administrator in-
curs such expenses. 
‘‘§ 7105. Reporting requirements 
‘‘(a) IN GENERAL.—Before entering into a master 
lease under section 7101, the Administrator of General 
Services shall transmit to the appropriate Committees of 
Congress a report on the proposed development and mas-
ter lease of the Denver Federal Center not less than 30 
days before the award of a master lease; 
‘‘(b) CONTENTS.—A report transmitted under this 
section shall include a summary of a cost-benefit analysis
of the proposed development and a description of the pro-
visions of the proposed master lease. 
‘‘§ 7106. Description of the Denver Federal Center 
‘‘As used in this chapter, the term ‘Denver Federal 
Center’ means a parcel of land, located in section 9 and 
in the East half of the East half of the East half Section 
8, Township 4 South, Range 69 West of the Sixth Prin-
cipal Meridian, being more particularly described as fol-
lows: 
‘‘Commencing at the northeast corner of said 
section 9; 
‘‘thence S76°38′34″W a distance of 779.20 feet 
to a point on the southerly right-of-way line of West 
6th Avenue being also the true point of beginning; 
‘‘thence S45°23′16″E a distance of 932.42 feet 
to a point on the westerly right-of-way line of Kip-
ling Street; 
‘‘thence along the westerly right-of-way line of 
said Kipling Street the following three courses: 
‘‘thence 
S00°23′16″E, 
a 
distance 
of 
1806.59 feet; 
‘‘thence 
S00°23′04″E, 
a 
distance 
of 
2341.02 feet;