Page:United States Statutes at Large Volume 104 Part 4.djvu/623

 PUBLIC LAW 101-591—NOV. 16, 1990 104 STAT. 2939 in such protected areas that are used in a manner consistent with the purpose for which the area is protected.". SEC. 10. RTC AND FDIC PROPERTIES. (a) REPORTS.— (1) SUBMISSION.—The Resolution Trust Corporation and the Federal Deposit Insurance Corporation shall each submit to the Congress for each year a report identifying and describing any property that is covered property of the corporation concerned as of September 30 of such year. The report shall be submitted on or before March 30 of the following year. (2) CONSULTATION. — In preparing the reports required under this subsection, each corporation concerned may consult with the Secretary of the Interior for purposes of identifying the properties described in paragraph (1). (b) LIMITATION ON TRANSFER.— (1) NOTICE. —The Resolution Trust Corporation and the Federal Deposit Insurance Corporation may not sell or otherwise transfer any covered property unless the corporation concerned causes to be published in the Federal Register a notice of the availability of the property for purchase or other transfer that identifies the property and describes the location, characteristics, and size of the property. (2) EXPRESSION OF SERIOUS INTEREST. —During the 90-day period beginning on the date that notice under paragraph (1) concerning a covered property is first published, any governmental agency or qualified organization may submit to the corporation concerned a written notice of serious interest for the purchase or other transfer of a particular covered property for which notice has been published. The notice of serious interest shall be in such form and include such information as the corporation concerned may prescribe. (3) PROHIBITION OF TRANSFER.—During the period under paragraph (2), a corporation concerned may not sell or otherwise transfer any covered property for which notice has been published under paragraph (1). Upon the expiration of such period, the corporation concerned may sell or otherwise transfer any covered property for which notice under paragraph (1) has been published if a notice of serious interest under paragraph (2) concerning the property has not been timely submitted. (4) OFFERS AND PERMITTED TRANSFER. —If a notice of serious interest in a covered property is timely submitted pursuant to paragraph (2), the corporation concerned may not sell or otherwise transfer such covered property during the 90-day period beginning upon the expiration of the period under paragraph (2) except to a governmental agency or qualified organization for use primarily for wildlife refuge, sanctuary, open space, recreational, historical, cultural, or natured resource conservation purposes, unless all notices of serious interest under paragraph (2) have been withdrawn. (c) DEFINITIONS. —For purposes of this section: (1) CORPORATION CONCERNED. — The term "corporation concerned" means— (A) the Federal Deposit Insurance Corporation, with respect to matters relating to the Federal Deposit Insurance Corporation; and 12 USC 1441a-3. Federal Register, publication.

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