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[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5350 Introduced in House (IH)]

110th CONGRESS
  2d Session
                                H. R. 5350

  To authorize the Secretary of Commerce to sell or exchange certain 
  National Oceanic and Atmospheric Administration property located in 
               Norfolk, Virginia, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 2008

   Mr. Scott of Virginia (for himself and Mrs. Drake) introduced the 
    following bill; which was referred to the Committee on Natural 
Resources, and in addition to the Committee on Oversight and Government 
 Reform, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
  To authorize the Secretary of Commerce to sell or exchange certain 
  National Oceanic and Atmospheric Administration property located in 
               Norfolk, Virginia, 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. SALE OR EXCHANGE OF NOAA PROPERTY IN NORFOLK, VIRGINIA.

    (a) In General.--Notwithstanding the process for disposing of 
Federal property as established by chapter 13 of title 40, United 
States Code, the Secretary of Commerce may sell or exchange to the City 
of Norfolk, Virginia, in accordance with this section, real property 
under the administrative jurisdiction of the National Oceanic and 
Atmospheric Administration (in this section referred to as ``NOAA''), 
including land and improvements thereon, located at 538 Front Street, 
Norfolk, Virginia, consisting of approximately 3.78 acres, if the 
Secretary--
            (1) determines that the conveyance is in the best interests 
        of NOAA and the Federal Government; and
            (2) has provided prior notification to the appropriate 
        Congressional committees.
    (b) Consideration.--
            (1) In general.--For any conveyance under this section the 
        Secretary shall require provision to the United States of 
        consideration having a value that is not less than the fair 
        market value of the property conveyed by the United States.
            (2) Form.--Consideration under this subsection may include 
        any combination of--
                    (A) cash or cash equivalents;
                    (B) other property (either real or personal); and
                    (C) consideration in-kind, including--
                            (i) provision of space, goods, or services 
                        of benefit to NOAA including construction, 
                        repair, remodeling, or other physical 
                        improvements of NOAA property;
                            (ii) maintenance of NOAA property; or
                            (iii) provision of office, storage, or 
                        other useable space.
            (3) Determination of fair market value.--The Secretary 
        shall determine fair market value for purposes of paragraph (1) 
        based upon an appraisal of the property conveyed under 
        subsection (a).
    (c) Use of Proceeds.--Amounts received by the United States as 
proceeds of any conveyance under this section shall be available to the 
Secretary without further appropriation, until expended, for--
            (1) activities related to the operations of, or capital 
        improvements, to NOAA property; or
            (2) relocation and other costs associated with the sale or 
        exchange.
                                 <all>
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