HR 1296 EAS
commercially reasonable buying practices, and reasonable
competition. Such procedures shall conform to laws and reg-
ulations related to Federal government contracts governing
working conditions and wage scales, including the provi-
sions of sections 276a–276a–6 of title 40, United States
Code (Davis-Bacon Act).
(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,
(2) evaluation for possible demolition or replace-
ment those buildings identified as categories 2
through 5 in the Presidio of San Francisco Historic
HR 1296 EAS
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: Pro-
vided, 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 guarantees are structured so as to
minimize potential cost to the Federal Govern-
HR 1296 EAS
ment. No loan guarantee under this title shall
cover more than 75 percent of the unpaid bal-
ance of the loan. The Trust may collect a fee suf-
ficient 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 enactment of this title.
(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-
sued under such chapter are extended to include any
purchase of such notes or obligations acquired by the