HR 1296 RS
sidio under its administrative jurisdiction using the au-
thorities provided in this section, which shall be exercised
in accordance with the purposes set forth in section 1 of
the Act entitled ‘‘An Act to establish the Golden Gate Na-
tional Recreation Area in the State of California, and for
other purposes,’’ approved October 27, 1972 (Public Law
92–589; 86 Stat. 1299; 16 U.S.C. 460bb), and in accordance
with the general objectives of the General Management Plan
(hereinafter referred to as the ‘‘management plan’’) ap-
proved for the Presidio.
(b) The Trust may participate in the development of
programs and activities at the properties transferred to the
Trust. The Trust shall have the authority to negotiate and
enter into such agreements, leases, contracts and other ar-
rangements with any person, firm, association, organiza-
tion, corporation or governmental entity, including, with-
out limitation, entities of Federal, State, and local govern-
ments as are necessary and appropriate to finance and
carry out its authorized activities. Any such agreement may
be entered into without regard to section 321 of the Act of
June 30, 1932 (40 U.S.C. 303b). The Trust shall establish
procedures for lease agreements and other agreements for
use and occupancy of Presidio facilities, including a re-
quirement that in entering into such agreements the Trust
shall obtain reasonable competition. The Trust may not dis-
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pose of or convey fee title to any real property transferred
to it under this Act. Federal laws and regulations governing
procurement by Federal agencies shall not apply to the
Trust except that the Trust, in consultation with the Ad-
ministrator of Federal Procurement Policy, shall establish
and promulgate procedures applicable to the Trust’s pro-
curement of goods and services including, but not limited
to, the award of contracts on the basis of contractor quali-
fications, price, commercially reasonable buying practices,
and reasonable competition.
(c) The Trust shall develop a comprehensive program
for management of those lands and facilities within the Pre-
sidio which are transferred to the administrative jurisdic-
tion of the Trust. Such program shall be designed to reduce
expenditures by the National Park Service and increase rev-
enues to the Federal Government to the maximum extent
possible. In carrying out this program, the Trust shall be
treated as a successor in interest to the National Park Serv-
ice with respect to compliance with the National Environ-
mental Policy Act and other environmental compliance
statutes. Such program shall consist of—
(1) demolition of structures which in the opinion
of the Trust, cannot be cost-effectively rehabilitated,
and which are identified in the management plan for
demolition,
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(2) evaluation for possible demolition or replace-
ment those buildings identified as categories 2
through 5 in the Presidio of San Francisco Historic
Landmark District Historic American Buildings Sur-
vey Report, dated 1985,
(3) new construction limited to replacement of
existing structures of similar size in existing areas of
development, and
(4) examination of a full range of reasonable op-
tions for carrying out routine administrative and fa-
cility management programs.
The Trust shall consult with the Secretary in the prepara-
tion of this program.
(d) To augment or encourage the use of non-Federal
funds to finance capital improvements on Presidio prop-
erties transferred to its jurisdiction, the Trust, in addition
to its other authorities, shall have the following authorities
subject to the Federal Credit Reform Act of 1990 (2 U.S.C.
661 et seq.):
(1) The authority to guarantee any lender
against loss of principal or interest on any loan,
provided that (A) the terms of the guarantee are
approved by the Secretary of the Treasury, (B)
adequate subsidy budget authority is provided in
advance in appropriations acts, and (C) such
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guarantees are structured so as to minimize po-
tential 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
Trust may collect a fee sufficient to cover its
costs in connection with each loan guaranteed
under this Act. The authority to enter into any
such loan guarantee agreement shall expire at
the end of 15 years after the date of the enact-
ment of this Act.
(2) The authority, subject to appropriations, to
make loans to the occupants of property managed by
the Trust for the preservation, restoration, mainte-
nance, or repair of such property.
(3) The authority to issue obligations to the Sec-
retary of the Treasury, but only if the Secretary of the
Treasury agrees to purchase such obligations after de-
termining that the projects to be funded from the pro-
ceeds thereof are credit worthy and that a repayment
schedule is established and only to the extent author-
ized in advance in appropriations acts. The Secretary
of the Treasury is authorized to use as a public debt
transaction the proceeds from the sale of any securi-
ties issued under chapter 31 of title 31, United States
Code, and the purposes for which securities may be is-