Page:United States Statutes at Large Volume 97.djvu/820

 97 STAT. 788 PUBLIC LAW 98-115—OCT. 11, 1983 execute such documents for the transfer of title and take such other actions as necessary to dispose of such property under the provisions of this section. Proceeds. "(2) Proceeds from any such sale shall be covered into the Treasury. Reimbursement. "(3) The Secretary of Defense shall reimburse the Administrator for expenses incurred in making such sales as authorized by subsec- tion (e)(3). "(e) To the extent provided for in appropriation Acts, the Secre- tary of Defense— "(1) may carry out the acquisition of land and the construc- tion and acquisition of facilities included as part of an author- ized transaction under this section; "(2) may pay the reasonable relocation expenses made neces- sary by the transaction; and "(3) may pay all expenses incident to the sale of property under the transaction, including reimbursement of expenses under subsection (d)(3). "(f) Upon completion of a transaction under this section— "(1) ninety-five percent of the proceeds remaining from the sale of property under the transaction (after subtracting the amount of applicable costs described in subsection (e)) shall remain in the Treasury; and "(2) an amount equal to five percent of the proceeds remain- ing from the sale of property under the transaction (after subtracting the amount of applicable costs described in subsec- tion (e)) shall be credited to the account established under subsection (g). "(g)(1) There is hereby established on the books of the Treasury an account to be known as the Department of Defense Facilities Replacement Management Account (hereinafter in this section referred to as the 'account'). The account shall be administered by the Secretary of Defense and shall be administered as a single account. "(2) The account may be used for— "(A) advanced planning, design, and other expenses related to potential future transactions; and "(B) advances where necessary to meet expenses of an author- ized transaction before appropriations are made available for the transaction. "(3) An expenditure from the account in an amount greater than $300,000 may not be made until the Secretary of Defense has notified the appropriate committees of Congress in writing of the proposed expenditure and a period of 21 days has elapsed after the date of the receipt of that notification by those committees. "(4) Any unobligated moneys in the account at the end of a fiscal year in excess of $50,000,000 (or in excess of any lesser amount determined by the Secretary of Defense to be sufficient for the purpose of this section) shall be covered into the Treasury.". (2) The table of sections at the beginning of chapter 159 of title 10, United States Code, is amended by inserting after the item relating to section 2667 the following new item: "2667a. Sale and replacement of nonexcess real property.". (b) There is authorized to be appropriated to the Department of Defense Facilities Management Account established by section 2809 786. of title 10, United States Code (as added by subsection (a)), for Department of Defense Facilities Replacement Management Account. Establishment. Notification to congressional committees. Unobligated funds. Appropriation authorization. Ante,

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