Page:United States Statutes at Large Volume 118.djvu/2170

 118 STAT. 2140 PUBLIC LAW 108–375—OCT. 28, 2004 of Engineers, including any improvements thereon, that is known as the Equipment and Storage Yard and consists of approximately 1.06 acres located on Meeting Street in Charleston, South Carolina. The property shall be conveyed in as is condition. ‘‘(2) CONSIDERATION.—As consideration for the conveyance under this subsection, the City shall provide the United States, whether by cash payment, in kind consideration, or a combina tion thereof, an amount that is not less than the fair market value of the property conveyed, as determined by the Secretary. ‘‘(3) USE OF PROCEEDS.—(A) Notwithstanding any require ments associated with the Plant Replacement and Improvement Program, amounts received as consideration under paragraph (2) may be used by the Corps of Engineers, Charleston District— ‘‘(i) to lease, purchase, or construct an office facility within the boundaries of Charleston, Berkeley, or Dor chester County, South Carolina; ‘‘(ii) to cover costs associated with the design and fur nishing of such facility; and ‘‘(iii) to satisfy any Plant Replacement and Improve ment Program balances. ‘‘(B) Any amounts received as consideration under para graph (2) that are in excess of the fair market value of the real property conveyed under this subsection may be used for any authorized activities of the Corps of Engineers, Charleston District. ‘‘(4) DESCRIPTION OF PROPERTY.—The exact acreage and legal description of the real property to be conveyed under this subsection and any property transferred to the United States as consideration under paragraph (2) shall be determined by surveys satisfactory to the Secretary. ‘‘(5) ADDITIONAL TERMS AND CONDITIONS.—The Secretary may require such additional terms and conditions in connection with the conveyance under this subsection as the Secretary considers appropriate to protect the interests of the United States.’’. SEC. 2848. LAND CONVEYANCE, FORT HOOD, TEXAS. (a) CONVEYANCE AUTHORIZED.—The Secretary of the Army may convey to the Texas A&M University System of the State of Texas (in this section referred to as the ‘‘University System’’) all right, title, and interest of the United States in and to a parcel of real property, including improvements thereon, consisting of approxi mately 662 acres at Fort Hood, Texas, for the sole purpose of permitting the University System to establish on the property an upper level (junior, senior, and graduate) university that will be State supported, separate from other universities of the University System, and designated as Texas A&M University, Central Texas. (b) CONSIDERATION.—(1) As consideration for the conveyance under subsection (a), the University System shall pay to the United States an amount equal to the fair market value of the conveyed property, as determined pursuant to an appraisal acceptable to the Secretary. (2) In lieu of all or a portion of the cash consideration required by paragraph (1), the Secretary may accept in kind consideration,

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