Text of A bill to authorize the Secretary of the Navy to make a certain conveyance of real property.
This bill was enacted after being signed by the President on November 3, 1986. The text of the bill below is as of Nov 3, 1986 (Passed Congress/Enrolled Bill).
PUBLIC LAW 99-596—NOV 3, 1986 100 STAT. 3349 Public Law 99-596 99th Congress An Act To authorize the Secretary of the Navy to make a certain conveyance of real Nov. 3, 1986 property. [H.R. 5682] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Maryland. ™qe SECTION 1. LAND CONVEYANCE, CECIL COUNTY, MARYLAND. (a) AUTHORITY TO SELL.—Subject to subsections (b) through (f), the Secretary of the Navy may dispose of the real property (and improvements thereon) constituting the former Naval Training Center, Bainbridge, Cecil County, Maryland, by sale to private parties or transfer to other government agencies upon such terms and conditions as the Secretary determines to be in the public interest. (b) COMPETITIVE BIDDING REQUIREMENT.—The sale described in subsection (a) shall be conducted in accordance with competitive bidding procedures prescribed in section 2304 of title 10, United States Code. In no event may the property described in subsection (a) be sold for less than the fair market value thereof. (c) PROPERTY RESTORATION.—Before any sale, the Secretary shall. Environmental using any funds available for such purpose, restore such property to protection. a condition that meets all applicable Federal and State of Maryland environmental protection regulations. (d) USE OF FUNDS.—Upon the sale of the property, the proceeds from the sale shall be used to reimburse the source from which funds were provided for property restoration under subsection (c). (e) LEGAL DESCRIPTION OF LAND.—The exact acreage and legal description of the property sold or exchanged under this section shall be in accordance with surveys that are satisfactory to the Secretary. (f) ADDITIONAL TERMS.—The Secretary may require such addi- tional terms and conditions under this section as the Secretary considers appropriate to protect the interests of the United States. Approved November 3,1986. L E G I S L A T I V E HISTORY—H.R. 5682: CONGRESSIONAL RECORD, Vol. 132 (1986): Oct. 17, considered and passed House. Oct. 18, considered and passed Senate.