Page:United States Statutes at Large Volume 124.djvu/2803

 124 STAT. 2777 PUBLIC LAW 111–261—OCT. 8, 2010 Public Law 111–261 111th Congress An Act To authorize the Secretary of the Interior to lease certain lands in Virgin Islands National Park, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CANEEL BAY LEASE AUTHORIZATION. (a) DEFINITIONS.—In this section: (1) PARK.—The term ‘‘Park’’ means the Virgin Islands National Park. (2) RESORT.—The term ‘‘resort’’ means the Caneel Bay resort on the island of St. John in the Park. (3) RETAINED USE ESTATE.—The term ‘‘retained use estate’’ means the retained use estate for the Caneel Bay property on the island of St. John entered into between the Jackson Hole Preserve and the United States on September 30, 1983 (as amended, assigned, and assumed). (4) SECRETARY.—The term ‘‘Secretary’’ means the Secretary of the Interior. (b) LEASE AUTHORIZATION.— (1) IN GENERAL.—If the Secretary determines that the long- term benefit to the Park would be greater by entering into a lease with the owner of the retained use estate than by authorizing a concession contract upon the termination of the retained use estate, the Secretary may enter into a lease with the owner of the retained use estate for the operation and management of the resort. (2) ACQUISITIONS.—The Secretary may— (A) acquire associated property from the owner of the retained use estate; and (B) on the acquisition of property under subparagraph (A), administer the property as part of the Park. (3) AUTHORITY.—Except as otherwise provided by this sec- tion, a lease shall be in accordance with subsection (k) of section 3 of Public Law 91–383 (16 U.S.C. 1a–2(k)), notwith- standing paragraph (2) of that subsection. (4) TERMS AND CONDITIONS.—A lease authorized under this section shall— (A) be for the minimum number of years practicable, taking into consideration the need for the lessee to secure financing for necessary capital improvements to the resort, but in no event shall the term of the lease exceed 40 years; (B) prohibit any transfer, assignment, or sale of the lease or otherwise convey or pledge any interest in the 16 USC 398d note. Oct. 8, 2010 [H.R. 714]