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[112th Congress Public Law 134]
[From the U.S. Government Printing Office]

[[Page 126 STAT. 382]]

Public Law 112-134
112th Congress

                                 An Act

 
    To authorize the Secretary of Commerce to convey property of the 
     National Oceanic and Atmospheric Administration to the City of 
   Pascagoula, Mississippi, and for other purposes. <<NOTE: June 15, 
                           2012 -  [S. 363]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. EXCHANGE OF NATIONAL OCEANIC AND ATMOSPHERIC 
                              ADMINISTRATION PROPERTY IN 
                              PASCAGOULA, MISSISSIPPI.

    (a) In General.--Notwithstanding any other provision of law, if the 
Secretary of Commerce determines that it is in the best interest of the 
National Oceanic and Atmospheric Administration and the Federal 
Government to do so, the Secretary may convey to the City of Pascagoula, 
Mississippi, by standard quitclaim deed, real property consisting of 
parcels, or portions of parcels, under the administrative jurisdiction 
of the Under Secretary for Oceans and Atmosphere, including land and 
improvements thereon, within a tract roughly bounded by--
            (1) Delmas Avenue to the south;
            (2) Pascagoula River to the west;
            (3) Pol Street to the north; and
            (4) real property owned by the City of Pascagoula to the 
        east.

    (b) Consideration.--
            (1) In general.--For a conveyance under subsection (a), the 
        Secretary shall require that the United States receive 
        consideration of not less than the fair market value of the 
        property or rights conveyed.
            (2) Form.--Consideration under this subsection may include 
        any combination of--
                    (A) property (either real or personal), including 
                tracts of real property and buildings, owned by the City 
                of Pascagoula, that are located in such city south of 
                Delmas Avenue, as well as a contiguous portion of the 
                street known as Delmas Avenue adjacent to real property 
                under the administrative jurisdiction of the Under 
                Secretary for Oceans and Atmosphere;
                    (B) cash or cash equivalents; and
                    (C) consideration in-kind, including--
                          (i) provision of space, goods, or services of 
                      benefit, including construction, repair, 
                      remodeling, or other physical improvements;
                          (ii) maintenance of property;

[[Page 126 STAT. 383]]

                          (iii) provision of office, storage, or other 
                      useable space; or
                          (iv) relocation services associated with 
                      conveyance of property under this section.
            (3) Determination of fair market value.--The Secretary shall 
        determine fair market value for purposes of paragraph (1) based 
        on a highest- and best-use appraisal of the properties conveyed 
        under subsection (a) conducted in conformance with the Uniform 
        Appraisal Standards for Professional Appraisal Practice.

    (c) Use of Proceeds.--Any amounts received under subsection 
(b)(2)(A) by the United States as proceeds of any conveyance under this 
section shall be available to the Secretary, subject to appropriation, 
for activities related to the operations of, or capital improvements to, 
property of the Administration.
    (d) Additional Terms and Conditions.--
            (1) In general.--The Secretary may require such additional 
        terms and conditions with the exchange of property by the United 
        States under subsection (a) as the Secretary considers 
        appropriate to protect the interest of the United States.
            (2) Easements or rights of way.--The Secretary may grant or 
        convey to the City of Pascagoula a right of way or easement if 
        the Secretary determines such grant or conveyance is in the best 
        interest of the Administration and the Federal Government.

    Approved June 15, 2012.

LEGISLATIVE HISTORY--S. 363:
---------------------------------------------------------------------------

HOUSE REPORTS: No. 112-502 (Comm. on Natural Resources).
SENATE REPORTS: No. 112-
133 (Comm. on Commerce, Science, and Transportation).
CONGRESSIONAL RECORD:
                                                        Vol. 157 (2011):
                                    Nov. 10, considered and passed 
                                        Senate.
                                                        Vol. 158 (2012):
                                    June 5, 6, considered and passed 
                                        House.

                                  <all>
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