HR 1296 RFS
ance with the general objectives of the general manage-
ment plan approved for the Presidio, the Trust shall man-
age the leasing, maintenance, rehabilitation, repair and
improvement of property within the Presidio which is
under its administrative jurisdiction. The Trust may par-
ticipate in the development of programs and activities at
the properties that have been transferred to the Trust. In
exercising its powers and duties, the Trust shall have the
following authorities:
(1) The Trust is authorized to manage, lease,
maintain, rehabilitate and improve, either directly or
by agreement, those properties within the Presidio
which are transferred to the Trust by the Secretary.
(2)(A) The Trust is authorized to negotiate and
enter into such agreements, leases, contracts and
other arrangements with any person, firm, associa-
tion, organization, corporation or governmental en-
tity, including without limitation entities of Federal,
State and local governments (except any agreement
to convey fee title to any property located at the
Presidio) as are necessary and appropriate to fi-
nance and carry out its authorized activities. Agree-
ments under this paragraph may be entered into
without regard to section 321 of the Act of June 30,
1932 (40 U.S.C. 303b).
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(B) Except as provided in subparagraphs (C),
(D), and (E), Federal laws and regulations govern-
ing procurement by Federal agencies shall apply to
the Trust.
(C) In exercising authority under section
303(g) of the Federal Property and Administrative
Services Act of 1949 (41 U.S.C. 253(g)) relating to
simplified purchase procedures, the Trust is author-
ized, to use as the dollar limit of each purchase or
contract under this subsection an amount which
does not exceed $500,000.
(D) In carrying out the requirement of section
18 of the Office of Federal Procurement Policy Act
(41 U.S.C 416), the Trust is authorized to furnish
the Secretary of Commerce for publication notices of
proposed procurement actions, to use as the applica-
ble dollar threshold for each expected procurement
an amount which does not exceed $1,000,000.
(E) The Trust shall establish procedures for
lease agreements and other agreements for use and
occupancy of Presidio facilities, including a require-
ment that in entering into such agreements the
Trust shall obtain reasonable competition.
(F) The Trust shall develop a comprehensive
program for management of those lands and facili-
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ties within the Presidio which are transferred to the
Trust. Such program shall be designed to reduce
costs to the maximum extent possible. In carrying
out this program, the Trust shall be treated as a
successor in interest to the National Park Service
with respect to compliance with the National Envi-
ronmental Policy Act and other environmental com-
pliance statutes. Such program shall consist of—
(i) demolition of all structures which can-
not be cost-effectively rehabilitated and are not
of the highest degree of historical significance,
(ii) new construction which would be lim-
ited to replacement of existing structures of
similar size in existing areas of development,
and
(iii) examination of a full range of reason-
able options for carrying out routine adminis-
trative and facility management programs.
The Trust shall consult with the Secretary in the
preparation of this program.
(3) The Trust is authorized to appoint and fix
the compensation and duties of an executive director
and such other officers and employees as it deems
necessary without regard to the provisions of title 5,
United States Code, governing appointments in the
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competitive service, and may pay them without re-
gard to the provisions of chapter 51, and subchapter
III of chapter 53, title 5, United States Code (relat-
ing to classification and General Schedule pay
rates).
(4) To augment or encourage the use of non-
Federal funds to finance capital improvements on
Presidio properties transferred to its jurisdiction, the
Trust, in addition to its other authorities, shall have
the following authorities:
(A) The authority to guarantee any lender
against loss of principal or interest on any loan,
provided that (i) the terms of the guarantee are
approved by the Secretary of the Treasury, (ii)
adequate guarantee authority is provided in ap-
propriations Acts, and (iii) such guarantees are
structured so as to minimize potential cost to
the Federal Government. No loan guarantee
under this Act shall cover more than 75 percent
of the unpaid balance of the loan. The Sec-
retary of the Treasury shall collect a commer-
cially reasonable guarantee fee in connection
with each loan guaranteed under this Act. The
authority to enter into any such loan guarantee
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agreement shall expire at the end of 12 years
after the date of enactment of this Act.
(B) The authority, subject to available ap-
propriations, to make loans to the occupants of
property managed by the Trust for the preser-
vation, restoration, maintenance, or repair of
such property.
(C) The authority to issue obligations to
the Secretary of the Treasury, but only if the
Secretary of the Treasury agrees to purchase
such obligations after determining that the
projects to be funded from the proceeds thereof
are credit worthy and that a repayment sched-
ule is established. The Secretary of the Treas-
ury is authorized to use as a public debt trans-
action the proceeds from the sale of any securi-
ties issued under chapter 31 of title 31, United
States Code, and the purposes for which securi-
ties may be issued under such chapter are ex-
tended to include any purchase of such notes or
obligations acquired by the Secretary of the
Treasury under this subsection. The aggregate
amount of obligations issued under this sub-
paragraph which are outstanding at any one
time may not exceed $50,000,000. Obligations