SECTION 1. CONVEYANCE OF POINT ARENA LIGHT STATION.

    (a) Authority To Convey.--
            (1) In general.--At such time as the Secretary determines 
        the Point Arena Light Station to be excess to the needs of the 
        Coast Guard, the Secretary shall convey to the Point Arena 
        Lighthouse Keepers, Inc., by an appropriate means of 
        conveyance, all right, title, and interest of the United States 
        in and to the Point Arena Light Station, located in Mendocino 
        County, California, except that the Coast Guard shall retain 
        all right, title, and interest in any historical artifact, 
        including any lens or lantern, on the property conveyed 
        pursuant to this section, or belonging to the property, whether 
        located on the property or elsewhere.
            (2) Identification of property.--The Secretary may 
        identify, describe, and determine the property to be conveyed 
        pursuant to this section.
            (3) Retention of lens in california.--The Secretary shall 
        retain within the boundaries of the State of California the 
        lens belonging to the Point Arena Light Station.
    (b) Terms of Conveyance.--
            (1) In general.--A conveyance of property pursuant to this 
        section shall be made--
                    (A) without the payment of consideration; and
                    (B) subject to such terms and conditions as the 
                Secretary may consider appropriate.
            (2) Reversionary interest.--In addition to any term or 
        condition established pursuant to paragraph (1), any conveyance 
        of property comprising the Point Arena Light Station pursuant 
        to subsection (a) shall be subject to the condition that all 
        right, title, and interest in and to the property so conveyed 
        shall immediately revert to the United States if the property, 
        or any part thereof, ceases to be maintained as a nonprofit 
        center for public benefit for the interpretation and 
        preservation of the maritime history of Point Arena, 
        California.
            (3) Maintenance of navigation functions.--Any conveyance of 
        property pursuant to this section shall be subject to such 
        conditions as the Secretary considers to be necessary to assure 
        that--
                    (A) the light, antennas, sound signal, and 
                associated lighthouse equipment located on the property 
                conveyed, which are active aids to navigation, shall 
                continue to be operated and maintained by the United 
                States for as long as they are needed for this purpose;
                    (B) the Point Arena Lighthouse Keepers, Inc., or 
                any successors or assigns, may not interfere or allow 
                interference in any manner with such aids to navigation 
                without express written permission from the Secretary;
                    (C) there is reserved to the United States the 
                right to relocate, replace, or add any aids to 
                navigation, or make any changes to the Point Arena 
                Light Station as may be necessary for navigation 
                purposes;
                    (D) the United States shall have the right, at any 
                time, to enter the property conveyed without notice for 
                the purpose of maintaining navigation aids;
                    (E) the United States shall have an easement of 
                access to such property for the purpose of maintaining 
                the navigational aids in use on the property; and
                    (F) the Point Arena Light Station shall revert to 
                the United States at the end of the 30-day period 
                beginning on any date on which the Secretary provides 
                written notice to the Point Arena Lighthouse Keepers, 
                Inc., that the Point Arena Light Station is needed for 
                national security purposes.
            (4) Maintenance of property.--Any conveyance of property 
        under this section shall be subject to the condition that the 
        Point Arena Lighthouse Keepers, Inc., shall maintain the Point 
        Arena Light Station in accordance with the provisions of the 
        National Historic Preservation Act (16 U.S.C. 470 et seq.) and 
        other applicable laws.
            (5) Obligation limitation.--The Point Arena Lighthouse 
        Keepers, Inc., or any successors or assigns, shall not have any 
        obligation to maintain any active aid to navigation equipment 
        on property conveyed pursuant to this section.
    (c) Maintenance Standard.--The Point Arena Lighthouse Keepers, 
Inc., or any successor or assign, at its own cost and expense, shall 
maintain, in a proper, substantial, and workmanlike manner, all 
properties conveyed.
    (d) Definitions.--For purposes of this section--
            (1) the term ``Point Arena Light Station'' means the Coast 
        Guard property and improvements located at Point Arena, 
        California, including the light tower building, fog signal 
        building, 2 small shelters, 4 residential quarters, and a 
        restroom facility; and
            (2) the term ``Secretary'' means the Secretary of the 
        department in which the Coast Guard is operating.
Mandates conveyance, when determined to be excess to Coast Guard needs, of the Point Arena Light Station, California, to the Point Arena Lighthouse Keepers, Inc.
To direct the Secretary of Transportation to convey the Point Arena Light Station to Point Arena Lighthouse Keepers, Inc., at such time as the Secretary determines the Light Station to be excess to the needs of the Coast Guard.