To prohibit the Department of Defense from retaining any interest in real property disposed of pursuant to a base closure law when that property was originally acquired by the United States by donation for the purpose of establishing or expanding a military installation.

To prohibit the Department of Defense from retaining any interest in real property disposed of pursuant to a base closure law when that property was originally acquired by the United States by donation for the purpose of establishing or expanding a military installation. 1. Condition on disposal of base closure real property originally acquired by the United States by donation (a) Conveyance of full interest in donated real property Whenever a military installation is closed pursuant to a base closure law and the military installation contains real property that was originally acquired by the United States by donation for the purpose of establishing or expanding the installation, the conveyance of the real property originally acquired by donation shall include, except as provided in subsection (b), all right, title, and interest of the United States in and to the property at the time of the conveyance. (b) Retention of reversionary interests If real property described in subsection (a) is conveyed by the United States without consideration or for consideration equal to less than the fair market value of the property to support the subsequent use of the conveyed property for a public purpose or use, the Secretary of Defense may authorize the retention of a reversionary interest to ensure that the conveyed property is used for that public purpose. (c) Retroactive application In the case of real property described in subsection (a) that was conveyed before the date of the enactment of this Act pursuant to a base closure law, the Secretary of Defense shall convey to the recipient of the property, not later than one year after the date of the enactment of this Act, all right, title, and interest in and to the property (other than an interest described in subsection (b)) that was retained by the United States upon the original conveyance of the property to the recipient. (d) Base closure law defined In this section, the term base closure law (1) the Defense Base Closure and Realignment Act of 1990 (part A of title XXIX of Public Law 101–510 10 U.S.C. 2687 (2) title II of the Defense Authorization Amendments and Base Closure and Realignment Act (Public Law 100–526; 10 U.S.C. 2687 (3) section 2687 of title 10, United States Code, if the authority of such section is used after the date of the enactment of this Act; and (4) any other law enacted after the date of the enactment of this Act that provides for the closure of military installations.

Summary: Requires real property of military installations that are closed pursuant to specified base closure laws to be disposed of by conveying all right, title, and interest of the United States in and to the property if such property was originally acquired by the United States by donation for the purpose of establishing or expanding the installation. Allows the Secretary of Defense (DOD) to authorize the retention of a reversionary interest in the conveyed property to ensure that it is used for a public purpose if the property is conveyed by the United States without consideration, or for consideration equal to less than fair market value, to support the property's subsequent use for such a purpose. Makes this Act applicable retroactively to property conveyed pursuant to certain base closure laws before the enactment of this Act. Requires the Secretary to convey to the recipient of such a previous conveyance any right, title, or interest that was retained by the United States during the original conveyance.