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Federal Facilities: SEC Operations Center Lease Appears Reasonable

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Report Type Reports and Testimonies
Report Date Feb. 14, 1992
Report No. GGD-92-39BR
Subject
Summary:

In September 1991, an anonymous Securities and Exchange Commission (SEC) employee alleged to Congress that the agency's relocation of office and computer space to Alexandria, Virginia, was inappropriate or questionable in several respects. GAO found that the allegations had little basis in fact and that the operations center lease appears to be a reasonable solution to several SEC facilities problems. Leasing space in Alexandria rather than downtown Washington, D.C., should result in long-term savings for the government. However, GAO also concludes that SEC's plans to enter into a succeeding lease for its present headquarters and to renovate that space should be more closely coordinated with the General Services Administration (GSA) so that the government's interests are protected should SEC select a new headquarters site and GSA take over the present headquarters.

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