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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 363 Enrolled Bill (ENR)]

        S.363

                      One Hundred Twelfth Congress

                                 of the

                        United States of America

                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
            the third day of January, two thousand and twelve

                                 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.

    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;
                (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.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
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