A bill 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.

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. Real property conveyance (a) Definitions In this section: (1) Archivist The term Archivist (2) City The term City (b) Conveyance 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 convey to the City by quitclaim deed for the consideration 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). (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. 1. Real property conveyance (a) Definitions In this section: (1) Archivist The term Archivist (2) City The term City (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. March 15, 2016 Reported with an amendment

Summary: (This measure has not been amended since it was reported to the Senate on March 15, 2016. The summary of that version is repeated here.) This bill directs the General Services Administration, on behalf of the Archivist of the United States, to offer to convey to the city of Anchorage, Alaska, for not less than fair market value, a parcel of U.S. property in such city consisting of approximately nine acres and improvements located at 400 East Fortieth Avenue that is administered by the National Archives and Records Administration. The city shall be responsible for paying the costs of a survey, an appraisal, and any other costs relating to the conveyance of the federal property. Any net proceeds received by the Archivist as a result of the conveyance shall be deposited in the Treasury and used for deficit reduction.