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[112th Congress Public Law 119]
[From the U.S. Government Printing Office]

[[Page 126 STAT. 341]]

Public Law 112-119
112th Congress

                                 An Act

 
To authorize the Administrator of General Services to convey a parcel of 
 real property in Tracy, California, to the City of Tracy. <<NOTE: May 
                        15, 2012 -  [S. 1302]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. CONVEYANCE OF PARCEL, TRACY, CALIFORNIA.

    (a) Definitions.--In this section:
            (1) Administrator.--The term ``Administrator'' means the 
        Administrator of General Services.
            (2) City.--The term ``City'' means the city of Tracy, 
        California.
            (3) Parcel.--
                    (A) In general.--The term ``Parcel'' means the 
                approximately 150 acres conveyed to the City for 
                educational or recreational purposes pursuant to section 
                140 of division C of Public Law 105-277 (112 Stat. 2681-
                599; 113 Stat. 104; 118 Stat. 335).
                    (B) Exclusions.--The term ``Parcel'' does not 
                include the approximately 50 acres conveyed to the City 
                for economic development, in which the United States 
                retains no reversionary interest, pursuant to section 
                140 of division C of Public Law 105-277 (112 Stat. 2681-
                599; 113 Stat. 104; 118 Stat. 335).

    (b) Conveyance.--
            (1) <<NOTE: Deadline.>>  In general.--Notwithstanding 
        subsections (c) through (f) of section 140 of division C of 
        Public Law 105-277 (112 Stat. 2681-599; 113 Stat. 104; 118 Stat. 
        335) and subject to subsection (c), the Administrator may offer 
        to enter into a binding agreement with the City, as soon as 
        practicable, but not later than 180 days after the date of 
        enactment of this Act, under which the Administrator may convey 
        to the City, through a deed of release or other appropriate 
        instrument, any reversionary interest retained by the United 
        States in the Parcel, and all other terms, conditions, 
        reservations, and restrictions imposed, in connection with the 
        conveyance of the Parcel.
            (2) Survey.--For purposes of paragraph (1), the exact 
        acreage and legal description of the Parcel shall be determined 
        by a survey that is satisfactory to the Administrator.

    (c) <<NOTE: Determination.>>  Consideration.--
            (1) <<NOTE: Payment.>>  In general.--As consideration for 
        the conveyance under subsection (b), the City shall pay to the 
        Administrator an amount not less than the appraised fair market 
        value of the Parcel, as determined by the Administrator pursuant 
        to an

[[Page 126 STAT. 342]]

        appraisal conducted by a licensed, independent appraiser, based 
        on the highest and best use of the Parcel, as determined by the 
        Administrator.
            (2) Treatment.--The determination of the Administrator under 
        paragraph (1) regarding the fair market value of the Parcel 
        shall be final.

    (d) Cost of Conveyance.--The City shall be responsible for 
reimbursing the Administrator for the costs associated with implementing 
this section, including the costs of each applicable appraisal and 
survey.
    (e) Proceeds.--
            (1) Deposit.--The net proceeds from the conveyance under 
        this section shall be deposited in the Federal Buildings Fund 
        established by section 592(a) of title 40, United States Code.
            (2) Expenditure.--The amounts deposited in the Federal 
        Buildings Fund under paragraph (1) shall be available to the 
        Administrator, in amounts specified in appropriations Acts, for 
        expenditure for any lawful purpose consistent with the authority 
        of the Administrator.

    (f) Additional Terms and Conditions.--The Administrator may 
establish such additional terms and conditions in connection with the 
conveyance under subsection (b) as the Administrator considers to be 
appropriate to protect the interests of the United States.
    (g) No Effect on Compliance With Environmental Laws.--Nothing in 
this Act or any amendment made by this Act affects or limits the 
application of or obligation to comply with any environmental law, 
including section 120(h) of the Comprehensive Environmental Response, 
Compensation, and Liability Act of 1980 (42 U.S.C. 9620(h)).

    Approved May 15, 2012.

LEGISLATIVE HISTORY--S. 1302:
---------------------------------------------------------------------------

SENATE REPORTS: No. 112-40 (Comm. on Environment and Public Works).
CONGRESSIONAL RECORD:
                                                        Vol. 157 (2011):
                                    Aug. 2, considered and passed 
                                        Senate.
                                                        Vol. 158 (2012):
                                    May 7, considered and passed House.

                                  <all>
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