Page:United States Statutes at Large Volume 96 Part 1.djvu/742

 96 STAT. 700

PUBLIC LAW 97-248—SEPT. 3, 1982 (B) Any such a m o u n t so received by the city shall be used by the city for the development, improvement, operation, or maint e n a n c e of a public airport. (b) B R O W N WOOD, TEXAS.—(1) Notwithstanding section 16 of the

49 USC 1115 "°*'^-

Federal Airport Act (as in effect on June 26, 1950), the Secretary of Transportation is authorized, subject to the provisions of section 4 of the Act of October 1, 1949 (50 App. U.S.C. 1622c), and the provisions of paragraph (2) of this subsection, to g r a n t releases from any of the term s, conditions, reservations, and restrictions contained in the deeds of conveyance dated June 26, 1950, and April 1, 1963, under which the United States conveyed certain property to the city of Brownwood, Texas, for airport purposes. (2) Any release g r a n t e d by the Secretary of Transportation under paragraph (1) of this subsection shall be subject to the following conditions: (A) The city of Brownwood, Texas, shall agree that in conveying any interest in the property which the United States conveyed to the city by the deeds dated June 26, 1950, and April 1, 1963, the city will receive a n a m o u n t for such interest which is equal to the fair m a r k e t value (as determined pursuant to regulations issued by such Secretary). (B) Any such a m o u n t so received by the city shall be used by the city for the development, improvement, operation, or maint e n a n c e of a public airport. (c) G R A N D J U N C T I O N, COLORADO.—(1) Notwithstanding section 16

of the Federal Airport Act (as in effect on September 14, 1951), the Secretary of Transportation is authorized, subject to the provisions of section 4 of the Act of October 1, 1949 (50 App. U.S.C. 1622c), and the provisions of paragraph (2) of this subsection, to g r a n t releases from any of the term s, conditions, reservations, and restrictions contained in the deed of conveyance dated September 14, 1951, under which the United States conveyed certain property to the city of G r and J u n c t i o n, Colorado, for airport purposes and the deed of conveyance dated March 24, 1975, under which the city of G r and J u n c t i o n, Colorado, conveyed such property to the Walker Field Public Airport Authority. (2) Any release g r a n t e d by the Secretary of Transportation under paragraph (1) of this subsection shall be subject to the following conditions: (A) The property for which releases a r e g r a n t e d under this section shall not exceed a total of eighteen acres. (B) The Walker Field Public Airport Authority shall agree that in leasing, or conveying any interest in, the property for which releases a r e granted under this section, such Authority will receive an a m o u n t which is equal to the fair lease value or the fair m a r k e t value, as the case may be (as determined pursuant to regulations issued by such Secretary). (C) Any such a m o u n t so received by the Walker Field Public Airport Authority, shall be used by such Authority for the development, improvement, operation, or m a i n t e n a n c e of the W a l k e r Field Public Airport. (d) N E W P O R T, ARKANSAS.—(1) Notwithstanding section 16 of the

Federal Airport Act (as in effect on December 17, 1947), the Secretary of Transportation is authorized, subject to the provisions of section 4 of the Act of October 1, 1949 (50 App. U.S.C. 1622c), and the provisions of paragraph (2) of this subsection, to g r a n t releases from any of the term s, conditions, reservations, and restrictions contained

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