Page:United States Statutes at Large Volume 112 Part 3.djvu/509

 PUBLIC LAW 105-262—OCT. 17, 1998 112 STAT. 2339 (b) CONSIDERATION. —As consideration for the conveyance under subsection (a), the City shall pay to the United States an amount equal to the fair market value (as determined by the Secretary) of the portion of the real property to be convej^ed under subsection (a) that was not donated to the United States by the City. The portion of the real property to be conveyed under subsection (a) that was donated to the United States by the City will be returned to the City at no cost. (c) CONDITION. —The conveyance authorized by subsection (a) shall be subject to the condition that the City accept the real property in its condition at the time of conveyance. (d) DESCRIPTION OF PROPERTY. —The exact acreage and legal description of the property to be conveyed for monetary consideration, as well as the acreage of the portion to be returned to the City at no cost as described in subsection (b), shall be determined by a survey satisfactory to the Secretary. The cost of the survey shall be borne by the City. (e) USE OF FUNDS.— (1) The Secretary shall use any amounts paid to the Secretary under subsection (b) for Navy family housing purposes in the Puget Sound region. (2) If amounts referred to in paragraph (1) remain unexpended after the use for Navy family housing purposes referred to in that paragraph, the Secretary shall deposit such unexpended amounts in the account established under section 204(h) of the Federal Property and Administrative Services Act (40 U.S.C. 485(h)). (f) ADDITIONAL TERMS AND CONDITIONS.- - -The Secretary may require such additional terms and conditions in connection with the conveyance under this section as the Secretary considers appropriate to protect the interests of the United States. SEC. 8144. (a) CONVEYANCE AUTHORIZED. —The Secretary of the Army may convey to the City of Reading, Pennsylvania, hereafter referred to as the "City or to another entity designated by the City, all right and title, and interest of the United States in and to a parcel of real property (including improvements thereon) consisting of approximately 1.8 acres at the Army Reserve Center located at 1800 North 12th Street in Reading, Pennsylvania, for redevelopment purposes. (b) CONSIDERATION. — The conveyance authorized under subsection (a) shall be subject to the condition that the City— (1) Will pay fair market value for the property, if the property is to be conveyed to or used by a business enterprise. (2) Will obtain the property without consideration if the property is to be used by a State or local governmental agency. (c) ADMINISTRATIVE EXPENSES. —In connection with the convey- ance under subsection (a), the Secretsiry may accept amounts provided by the City or other persons to cover administrative expenses incurred by the Secretary in entering into the transaction. Amounts collected under subsection (b) for administrative expenses shall be credited to the appropriation, fund, or account from which the expenses were paid. Amounts so credited shall be merged with funds in such appropriation, fund, or account and shall be available for the same purposes and subject to the same limitations as the funds with which merged. (d) DESCRIPTION OF PROPERTY.— The exact acreage and legal description of the real property to be conveyed under subsection

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