Page:United States Statutes at Large Volume 116 Part 2.djvu/412

 116 STAT. 1194 PUBLIC LAW 107-217—AUG. 21, 2002 § 6702. Transfer and assignment of rights, title, and interests in property (a) IN GENERAL. — (1) LEASES, COVENANTS, AGREEMENTS, AND EASEMENTS. —As provided in this section, the General Services Administration, the National Capital Planning Commission, and the National Park Service have the rights, title, and interest of the Pennsylvania Avenue Development Corporation in and to all leases, covenants, agreements, and easements the Corporation executed before April 1, 1996, in carr5ring out its powers and duties under the Pennsylvania Avenue Development Corporation Act of 1972 (Public Law 92-578, 86 Stat. 1266) and the Federal Triangle Development Act (Public Law 100-113, 101 Stat. 735). (2) PROPERTY.—The Administration has the rights, title, and interest of the Corporation in and to all property held in the name of the Corporation, except as provided in subsection (c). (b) GENERAL SERVICES ADMINISTRATION.— (1) RESPONSIBILITIES. —The responsibilities of the Corporation transferred to the Administration under subsection (a) include— (A) the collection of revenue owed the Federal Government as a result of real estate sales or lease agreements made by the Corporation and private parties, including— (i) the Willard Hotel property on Square 225; (ii) the Gallery Row project on Square 457; (iii) the Lansburgh's project on Square 431; and (iv) the Market Square North project on Square 407; (B) the collection of sale or lease revenue owed the Government from the sale or lease before April 1, 1996, of two undeveloped sites owned by the Corporation on Squares 457 and 406; (C) the application of collected revenue to repay Treasury debt the Corporation incurred when acquiring real estate; (D) performing financial audits for projects in which the Corporation has actual or potential revenue expectation, as identified in subparagraphs (A) and (B), in accordance with procedures described in applicable sale or lease agreements; (E) the disposition of real estate properties which are or become available for sale and lease or other uses; (F) payment of benefits in accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C. 4601 et seq.) to which persons in the project area squares are entitled as a result of the Corporation's acquisition of real estate; and (G) carrying out the responsibilities of the Corporation under subchapter III and the Federal Triangle Development Act (Public Law 100-113, 101 Stat. 735), including responsibilities for managing assets and liabilities of the Corporation under subchapter III and the Act. (2) POWERS. —In carrying out the responsibilities of the Corporation transferred under this section, the Administrator of General Services may—

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