Page:United States Statutes at Large Volume 102 Part 5.djvu/615

 PUBLIC LAW 100-698—NOV. 19, 1988

102 STAT. 4621

such money would be used to purchase real property, or interests m real property, in the Corridor. (3) Any real property or interest in real property acquired by the Commission under paragraph (2) shall be conveyed by the Commission to an appropriate public agency, as determined by the Commission. Any such conveyance shall be made— (A) as soon as practicable after such acquisition; (B) without consideration; and (C) on the condition that the real property or interest in real property so conveyed is used for public purposes. SEC 104. FUNCTIONS OF THE COMMISSION.

Loans.

(a) IN GENERAL.—The Commission shall— Conservation. (1) make loans and grants, from funds appropriated for that purpose or from funds donated or otherwise made available to the Commission, for the purpose of conserving and protecting sites, buildings, and objects which are related to the industrial development of the area and which are included or eligible for inclusion on the National Register of Historic Places; (2) coordinate activities of Federal, State, and local governments and private businesses and organizations in order to further historic preservation and compatible economic revitalization; (3) develop guidelines and standards for projects, consistent with standards established by the National Park Service for the preservation of historic properties, including interpretive methods, that will further historic preservation in the r ^ o n; and (4) provide advice and assistance in preparation of loan or grant applications to the Commission and applications for loans or grants from other Federal or non-Federal sources in furtherance of the purposes of this title. Any loan made under this subsection shall be for a term expiring before the date 10 years after the enactment of this Act and shall be subject to such other terms and conditions, including interest, as may be established by the Commission with the approval of the ScCTetary. (b) ANNUAL REPORTS.—The Commission shall submit an annual report to the Secretary setting forth its expenses and income and the entities to which any loans and grants were made during the year for which the report is made. The Secretary shall submit an annual report to the Congress describing the loans, grants, and technical assistance provided under this Act. Such report shall specify the amount, recipient, and purpose of any loan, grant, or technical assistance so provided and shall include an analysis of the adequacy of actions ts^en during the previous year to preserve, protect, and interpret the significant sites, buildings, and objects within the area; as well as the anticipated funds and personnel to be made available by the Secretary during the next fiscal year to implement the provisions of this Act. (c) COST ESTIMATES.—Prior to making any grant or loan the

Commission shall require detailed cost estimates to be prepared for the project to be funded. Within one year from the date of enactment, the Commission shall submit to the appropriate committees of the Ck>ngress detailed cost estimates for the projects identified in the action plan referred to in section 101 of this title. (d) STUDY REPORT.—The Commission, in consultation with the Secretary, the Pittsbuigh Area Steel Industry Heritage Task Force,

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