Page:United States Statutes at Large Volume 107 Part 2.djvu/938

 107 STAT. 1888 PUBLIC LAW 103-160—NOV. 30, 1993 (b) CONSIDERATION.— The County shall provide the United States with consideration for the real property conveyed under subsection (a) that is equal to at least the fair market value of the property conveyed. The County shall provide consideration by one of the following methods, to be selected by the Secretary: (1) Constructing (or paying the costs of constructing) at a location selected by the Secretary within Broward County, Florida, a suitable facility to replace the improvements conveyed under subsection (a). (2) Paying to the United States an amount equal to the fair market value of the real property conveyed under subsection (a). (c) REQUIREMENT RELATING TO CONSTRUCTION. —If the County constructs (or pays the costs of constructing) a replacement facility under subsection (b)(D, the Coun^ shall pay to the United States the amount, if any, by which the mir market value of the property conveyed under subsection (a) exceeds the fair market value of the replacement facility. (d) REPLACEMENT FACILITY. —If the County pays the fair market value of the real property under subsection (b)(2) as consideration for the conveyance authorized under subsection (a), the Secretary shall use the amount paid by the County to construct a suitable facility to replace the improvements conveyed under subsection (a). (e) DEPOSIT OF PROCEEDS.— The Secretary shall deposit in the account established under section 204(h) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 485(h)) any amount paid to the United States under this section that is not used for the piirpose of constructing a replacement facility under subsection (d). (0 DETERMINATION OF FAIR MARKET VALUE. — The Secretary shall determine the fair market value of the real property to be conveyed under subsection (a) and of the improvements, if any, constructed under subsection (b)(D. Such determination shall be final. (^) DESCRIPTION OP PROPERTY.—The exact acreage and legal description of the real property to be conveyed under subsection (a) shall be determined by a survey that is satisfactory to the Secretary. The cost of the survey shall be borne by the Coimty. (h) ADDITIONAL TERMS AND CONDITIONS.— The Secretary may require such additional terms and conditions in connection >vitn — the conveyance under subsection (a) as the Secretary considers appropriate to protect the interests of the United States. SEC. 2812. LAND CONVEYANCE, NAVAL AIR STATION OCEANA, VIR- GINIA. (a) CONVEYANCE AUTHORIZED. —The Secretary of the Navy may convey to the City of Virginia Beach, Virginia (in this section referred to as the "City"), all right, title, and interest of the United States in and to a parcel of real property included on the real property inventory oi Naval Air Station Oceana in Virginia Beach, Virginia, and consisting of approximately 3.5 acres. As part of the conveyance of such parcel, the Secretary shall grant the City an easement on such additional acreage as may be necessary to provide adequate ingress and egress to the parcel. (b) CONSIDERATION. —As consideration for the convevance and easement under subsection (a), the City shall pay to the United

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