Page:United States Statutes at Large Volume 112 Part 4.djvu/349

 PUBLIC LAW 105-277—OCT. 21, 1998 112 STAT. 2681-320 (A) sold by the Secretary on such terms and conditions as the Secretary may prescribe to achieve the maximum benefit to the Federal Government; or (B) disposed of under the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 471 et seq.). (2) DEPOSIT OF PROCEEDS.— All net proceeds from the disposal of any property shall be deposited into the Fund established by section 531. SEC. 646. COMPLIANCE WITH ENVIRONMENTAL LAWS. 16 USC 460111- 46 (a) DOCUMENTATION OF EXISTING CONDITIONS.— (1) IN GENERAL.—Not later than 60 days after the date of transfer pursuant to section 541, the Chairman and the Administrator shall provide the Secretary all documentation and information that exists on the environmental condition of the land and waters comprising the Recreation Area property. (2) ADDITIONAL DOCUMENTATION. — The Chairman and the Administrator shall provide the Secretary with any additional documentation and information regarding the environmental condition of the Recreation Area property as such documentation and information becomes available. (b) ACTION REQUIRED. — (1) ASSESSMENT.—Not later than 120 days after the date of transfer pursuant to section 541, the Chairman shall provide to the Secretary an assessment indicating what action, if any, is required under any environmental law on Recreation Area property. (2) MEMORANDUM OF UNDERSTANDING. —I f the assessment concludes action is required under any environmental law with respect to any portion of the Recreation Area property, the Secretary and the Chairman shall enter into a memorandum of understanding that— (A) provides for the performance by the Chairman of the required actions identified in the assessment; and (B) includes a schedule providing for the prompt completion of the required actions to the satisfaction of the Secretary. (c) DOCUMENTATION DEMONSTRATING ACTION.— On the transfer of jurisdiction over the Recreation Area from the Tennessee Valley Authority to the Secretary, the Chairman shall provide the Secretary with documentation demonstrating that all actions required under any environmental law have been taken, including all response actions under the Comprehensive Environmental Ii^sponse, Compensation, and Liability Act of 1980 (42 U.S.C. 9601 et seq.) that are necessary to protect human health and the environment with respect to any hazardous substance, pollutant, contaminant, hazardous waste, hazardous material, or petroleum product or derivative of a petroleum product on Recreation Area property. (d) CONTINUATION OF RESPONSIBILITIES AND LL^ILITIES.— (1) IN GENERAL.— The transfer of the Recreation Area property under this title, and the requirements of this section, shall not in any way affect the responsibilities and liabilities of the Tennessee Valley Authority at the Recreation Area under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9601 et seq.) or any other environmental law.

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