DATE: May 25, 2000

FROM: Barry McVay, CPCM

SUBJECT: General Services Administration Acquisition Regulation (GSAR); Tax Adjustment

SOURCE: Federal Register; May 25, 2000, Vol. 65, No. 102, page 33799

AGENCIES: Office of Acquisition Policy, General Services Administration (GSA)

ACTION: Proposed Rule

SYNOPSIS: GSA is proposing to amend the GSAR to add a new clause, 552.270-30, Tax Adjustment, for incorporation into acquisitions of leasehold interest in real property when GSA determines that an adjustment is necessary to account for changes in real estate taxes.

EDITOR'S NOTE: The GSAR is Chapter 5 of Title 48 of the Code of Federal Regulations.

DATES: Submit comments on or before July 24, 2000.

ADDRESSES: Submit written comments to General Services Administration, Office of Acquisition Policy, GSA Acquisition Policy Division (MVP), 1800 F Street, NW, Room 4027, Washington, DC 20405.

FOR FURTHER INFORMATION CONTACT: Cecelia L. Davis, GSA Acquisition Policy Division, 202-219-0202.

SUPPLEMENTAL INFORMATION: The GSAR does not have any clauses that provide for adjustment of rent for changes in real estate taxes. GSA is proposing to add GSAR 552.270-30 to provide a mechanism for adjusting rent due to changes in real estate taxes.

GSA 552.270-30 would provide for the following:

FOR FURTHER INFORMATION CONTACT: Barry McVay at 703-451-5953 or by e-mail to BarryMcVay@FedGovContracts.com.

Copyright 2000 by Panoptic Enterprises. All Rights Reserved.

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