114TH CONGRESS 

2D SESSION S. 1492 

AN ACT 

To direct the Administrator of General Services, on behalf 

of the Archivist of the United States, to convey certain 

Federal property located in the State of Alaska to the 

Municipality of Anchorage, Alaska. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
2 

†S 1492 ES

1 SECTION 1. REAL PROPERTY CONVEYANCE. 

2 (a) DEFINITIONS.—In this section: 

3 (1) ARCHIVIST.—The term ‘‘Archivist’’ means 

4 the Archivist of the United States. 

5 (2) CITY.—The term ‘‘City’’ means the Munici6 pality of Anchorage, Alaska. 

7 (b) CONVEYANCE.— 

8 (1) IN GENERAL.—As soon as practicable after 

9 the date of enactment of this Act and after comple10 tion of the survey and appraisal described in this 

11 section, the Administrator of General Services, on 

12 behalf of the Archivist, shall offer to convey to the 

13 City by quitclaim deed for the consideration and 

14 under the conditions described in subsection (d), all 

15 right, title, and interest of the United States in and 

16 to a parcel of real property described in subsection 

17 (c). 

18 (2) COSTS OF CONVEYANCE.—The City shall be 

19 responsible for paying— 

20 (A) the costs of an appraisal conducted 

21 pursuant to subsection (d)(1)(B); and 

22 (B) any other costs relating to the convey23 ance of the Federal property under this Act. 

24 (c) LEGAL DESCRIPTION OF PROPERTY.— 

25 (1) IN GENERAL.—The parcel to be conveyed 

26 under subsection (b) consists of approximately 9 
3 

†S 1492 ES

1 acres and improvements located at 400 East For2 tieth Avenue in the City that is administered by the 

3 National Archives and Records Administration. 

4 (2) SURVEY REQUIRED.—As soon as practicable 

5 after the date of enactment of this Act, the exact 

6 acreage and legal description of the real property to 

7 be conveyed under subsection (b) shall be deter8 mined by a survey, paid for by the City, that is sat9 isfactory to the Archivist. 

10 (d) TERMS AND CONDITIONS.— 

11 (1) CONSIDERATION.— 

12 (A) IN GENERAL.—As consideration for 

13 the conveyance of the property under subsection 

14 (b), the City shall pay to the Archivist an 

15 amount not less than the fair market value of 

16 the conveyed property, to be determined as pro17 vided in subparagraph (B). 

18 (B) APPRAISAL.—The fair market value of 

19 the property to be conveyed under subsection 

20 (b) shall be determined based on an appraisal 

21 that— 

22 (i) is conducted by a licensed, inde23 pendent appraiser that is approved by the 

24 Archivist and the City; 
4 

†S 1492 ES

1 (ii) is based on the highest and best 

2 use of the property; 

3 (iii) is approved by the Archivist; and 

4 (iv) is paid for by the City. 

5 (2) PRECONVEYANCE ENTRY.—The Archivist, 

6 on terms and conditions the Archivist determines to 

7 be appropriate, may authorize the City to enter the 

8 property at no charge for preconstruction and con9 struction activities. 

10 (3) ADDITIONAL TERMS AND CONDITIONS.— 

11 The Archivist may require additional terms and con12 ditions in connection with the conveyance under sub13 section (b) as the Archivist considers appropriate to 

14 protect the interests of the United States. 

15 (e) PROCEEDS.—Any net proceeds received by the 

16 Archivist as a result of the conveyance under this Act shall 

17 be deposited in the Treasury and used for deficit reduc18 tion, in such manner as the Secretary of the Treasury con19 siders appropriate. 

Passed the Senate April 6, 2016. 

Attest: 

Secretary. 

114TH CONGRESS 

2D SESSION S. 1492 

AN ACT 

To direct the Administrator of General Services, on 

age, Alaska. State of Alaska to the Municipality of Anchorconvey certain Federal property located in the behalf of the Archivist of the United States, to