Page:United States Statutes at Large Volume 100 Part 4.djvu/1144

 100 STAT. 3490

PUBLIC LAW 99-618—NOV. 6, 1986

Public Law 99-618 99th Congress Nov. 6, 1986 [S. 2852]

49 USC 1115 app.

Regulations.

Real property.

An Act To authorize the Secretary of Transportation to release restrictions on the use of certain property conveyed to the Peninsula Airport Commission, Virginia, for airport purposes. • v.
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Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) notwithstanding section 16 of the Federal Airport Act (as in effect on May 14, 1947), the Secretary of Transportation is authorized, subject to section 4 of the Act of October 1, 1949 (50 U.S.C. App. 1622c) and subsection (b) of this section, to grant releases from any of the terms, conditions, reservations, and restrictions contained in the deed of conveyance dated May 14, 1947, under which the United States conveyed certain property in Newport News, and York County, Virginia, to the Peninsula Airport Commission for airport purposes. (b) Any release granted by the Secretary of Transportation under subsection (a) of this section shall be subject to the following conditions— (1) The Peninsula Airport Commission shall agree that in leasing or conveying any interest in the property which the United States conveyed to such Commission by the deed described in subsection (a), the (Commission will receive an amount for such interest which is equal to the fair lease value or the fair market value, as the case may be (as determined pursuant to regulations issued by the Secretary). (2) Any amount so received by the Peninsula Airport Commission shall be used by the Commission for the development, improvement, operation, or maintenance of a public airport. (3) Any release granted by the Secretary of Transportation under subsection (a) of this section may not apply to more than 7.5 acres of real property. (4) The Peninsula Airport (Commission may not lease or convey any interest in any of the property which the United States conveyed to such Commission by the deed described in subsection (a), to any person or business concern other than the City of Newport News, Virginia. Approved November 6, 1986.

LEGISLATIVE HISTORY—S. 2852 (H.R. 5379): CONGRESSIONAL RECORD, Vol. 132 (1986): Sept. 24, H.R. 5379 considered and passed House. Oct. 9, S. 2852 considered and passed Senate. Oct. 17, considered and passed House.

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