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) In general As soon as practicable after the date of the 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 of the United States, shall convey to the City by quitclaim deed for the consideration described in subsection (c), all right, title, and interest of the United States in and to a parcel of real property described in subsection (b). (b) Legal description of property (1) In general The parcel to be conveyed under subsection (a) consists of approximately 9 acres and improvements located at 400 East Fortieth Street in the City that is administered by the National Archives and Records Administration. (2) Survey required As soon as practicable after the date of the enactment of this Act, the exact acreage and legal description of the real property to be conveyed under subsection (a) shall be determined by a survey, paid for by the City, that is satisfactory to the Archivist. (c) Terms and conditions (1) Consideration (A) In general As consideration for the conveyance of the property under subsection (a), 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 (a) 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) Pre-conveyance 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 pre-construction and construction activities. (3) Additional terms and conditions The Archivist may require additional terms and conditions in connection with the conveyance under subsection (a) as the Archivist considers appropriate to protect the interests of the United States. (d) Proceeds Subject to appropriations Acts, the net proceeds from the conveyance of property under subsection (a) shall be available to the Archivist for activities funded in annual appropriations Acts under the heading National Archives and Records Administration—Repairs and Restorations (e) City defined In this section, the term City April 9, 2014 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Summary: Directs the Administrator of the General Services Administration (GSA), on behalf of the Archivist of the United States, to convey to the City of Anchorage, Alaska, property in such city consisting of approximately nine acres and improvements located at 400 East Fortieth Street for not less than fair market value. Makes the net proceeds from such conveyance available to the Archivist to fund repairs and restorations conducted by the National Achives and Records Administration (NARA).