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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1492 Engrossed in Senate (ES)]

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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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REAL PROPERTY CONVEYANCE.

    (a) Definitions.--In this section:
            (1) Archivist.--The term ``Archivist'' means the Archivist 
        of the United States.
            (2) City.--The term ``City'' means the Municipality of 
        Anchorage, Alaska.
    (b) Conveyance.--
            (1) In general.--As soon as practicable after the date of 
        enactment of this Act and after completion of the survey and 
        appraisal described in this section, the Administrator of 
        General Services, on behalf of the Archivist, shall offer to 
        convey to the City by quitclaim deed for the consideration and 
        under the conditions described in subsection (d), all right, 
        title, and interest of the United States in and to a parcel of 
        real property described in subsection (c).
            (2) Costs of conveyance.--The City shall be responsible for 
        paying--
                    (A) the costs of an appraisal conducted pursuant to 
                subsection (d)(1)(B); and
                    (B) any other costs relating to the conveyance of 
                the Federal property under this Act.
    (c) Legal Description of Property.--
            (1) In general.--The parcel to be conveyed under subsection 
        (b) consists of approximately 9 acres and improvements located 
        at 400 East Fortieth Avenue in the City that is administered by 
        the National Archives and Records Administration.
            (2) Survey required.--As soon as practicable after the date 
        of enactment of this Act, the exact acreage and legal 
        description of the real property to be conveyed under 
        subsection (b) shall be determined by a survey, paid for by the 
        City, that is satisfactory to the Archivist.
    (d) Terms and Conditions.--
            (1) Consideration.--
                    (A) In general.--As consideration for the 
                conveyance of the property under subsection (b), the 
                City shall pay to the Archivist an amount not less than 
                the fair market value of the conveyed property, to be 
                determined as provided in subparagraph (B).
                    (B) Appraisal.--The fair market value of the 
                property to be conveyed under subsection (b) shall be 
                determined based on an appraisal that--
                            (i) is conducted by a licensed, independent 
                        appraiser that is approved by the Archivist and 
                        the City;
                            (ii) is based on the highest and best use 
                        of the property;
                            (iii) is approved by the Archivist; and
                            (iv) is paid for by the City.
            (2) Preconveyance entry.--The Archivist, on terms and 
        conditions the Archivist determines to be appropriate, may 
        authorize the City to enter the property at no charge for 
        preconstruction and construction activities.
            (3) Additional terms and conditions.--The Archivist may 
        require additional terms and conditions in connection with the 
        conveyance under subsection (b) as the Archivist considers 
        appropriate to protect the interests of the United States.
    (e) Proceeds.--Any net proceeds received by the Archivist as a 
result of the conveyance under this Act shall be deposited in the 
Treasury and used for deficit reduction, in such manner as the 
Secretary of the Treasury considers 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 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.
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