consultants, or organizations, including but not limited to
urban planners, architects, engineers, and appraisers.
(h) AUTHORITIES.—In exercising its powers and du-
ties, the Corporation shall act in accordance with the ap-
proved General Management Plan, as amended (herein-
after in this Act referred to as the ‘‘Plan’’) or the Act
entitled ‘‘An Act to establish the Golden Gate National
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 have the follow-
ing authorities:
(1) The Corporation shall manage, maintain,
improve and repair those properties within the Pre-
sidio which are transferred to the Corporation by the
Secretary.
(2) The Corporation shall publish and dissemi-
nate information and make known to potential occu-
pants, by advertisement, solicitation, or other means,
the availability of the property within the Presidio
which the Corporation manages.
(3) The Corporation may prepare or cause to be
prepared plans, specifications, designs, and esti-
mates of costs for the rehabilitation, improvement,
alteration, or repair of any property managed by the
Corporation, and from time to time may modify such
plans, specifications, designs, or estimates.
(4) The Corporation may enter into contracts,
including leases, cooperative agreements, or other
agreements with any governmental entity, private or
non-profit organization, person, firm, association, or-
ganization, or corporation for the occupancy of any
property within the Presidio which the Corporation
manages.
(5) The Corporation shall establish competitive
bidding procedures to be used for the issuance of
leases and contracts under this Act.
(6) The Federal procurement laws and regula-
tions shall not apply to the Corporation.
(7) The Corporation shall establish (through
easements, covenants, regulations, agreements, or
otherwise) such restrictions, standards, and require-
ments as are necessary to assure maintenance and
protection of the property managed by the Corpora-
tion.
(8) The Corporation may make loans to the oc-
cupants of property managed by the Corporation for
the preservation, restoration, maintenance, or repair
of such property.
(9) The Corporation may provide technical as-
sistance to the occupants of property managed by
the Corporation, to assist such occupants in making
repairs or improvements to the property or applying
for loans under paragraph (8) of this section.
(10) The Corporation may solicit and accept
donations of funds, property, supplies, or services
from individuals, foundations, corporations, and
other private entities, and from public entities, for
the purpose of carrying out its duties.
(11) The Corporation may retain any revenues
from leases or other agreements concerning property
managed by the Corporation, including preexisting
leases or agreements and any donations, and use the
proceeds for any function of the Corporation author-
ized by this Act, except for those monies transferred
to the Secretary as stipulated in paragraph (12).
(12) The Secretary and the Corporation shall
agree on an amount of revenues received by the Cor-
poration to be transferred to the Secretary, to be ap-
plied by the Secretary to maintenance of the com-
mon property.
(13) The Corporation may borrow money pri-
vately to carry out the Corporation’s duties, obliga-
tions and responsibilities. In connection with such
borrowing, the Corporation may issue evidence of in-
debtedness and may provide collateral to secure such
indebtedness (including, without limitation, a mort-
gage or pledge of the Corporation’s interest in reve-
nues or the leasehold in property transferred by the
Secretary by the Corporation). The Corporation may
also borrow money from the Treasury of the United
States, in such amounts as may be authorized in ap-
propriations acts, to carry out the Corporation’s du-
ties and responsibilities. Such borrowings from the
Treasury shall have such maturities, terms, and con-
ditions as may be agreed upon by the Corporation
and the Secretary of the Treasury and may be re-
deemable at the option of the Corporation before
maturity.
(14) The Corporation may invest any funds not
required for immediate use or disbursement, with
the approval of the Secretary of the Treasury, in ob-
ligations of the United States Government, or obli-
gations the principal and interest of which are guar-
anteed by the United States Government: Provided,
That this authority shall not extend to moneys ob-
tained from the Government.
(15) The Corporation may enter into and per-
form such contracts and other transactions with any
public agencies and private organizations and per-
sons, as may be necessary or appropriate to the con-
duct of activities authorized under this Act.
(16) The Corporation may execute all instru-
ments necessary or appropriate in the exercise of
any of its functions under this Act, and may dele-
gate to the Executive Director such of its powers
and responsibilities as it deems appropriate and use-
ful for the administration of the Corporation.
(17) The Corporation may obtain by purchase,
rental, donation, or otherwise, such goods and serv-
ices as may be needed to carry out its duties. In the
event of the termination of the Corporation, all
property and unexpended funds shall be transferred
to the Department of the Interior.
(18) The Corporation shall procure insurance
against any loss in connection with the properties
managed by it.
(19) The Corporation may sue and be sued in
its name, except that the Directors of the Board
shall not be personally liable except for gross neg-
ligence.
(20) The Corporation may adopt, amend, and
repeal bylaws, rules, and regulations governing the
manner in which its business may be conducted and
the powers vested in it may be exercised.
(21) The Corporation shall have perpetual suc-
cession.
(22) The Corporation shall have an official seal
selected by the Board which shall be judicially no-
ticed.
(23) The Corporation shall have all necessary
and proper powers for the exercise of the authorities
vested in it.
(24) The Corporation may negotiate directly
with the State Historic Preservation Office and the
Advisory Council on Historic Preservation to develop
agreements concerning the reuse of historic struc-
tures managed by it, the objective of which shall be
to maximize the potential for securing tenants.
(i) USE OF FEDERAL PERSONNEL, FACILITIES, AND
SERVICES.—The Secretary or other Cabinet officers may
provide personnel, facilities, and other administrative serv-
ices to the Corporation to assist it in carrying out its du-
ties under this Act.
(j) TAXES.—Since the exercise of the powers granted
by this section will be in all respects for the benefit of
the people, the Corporation is hereby declared to be de-
voted to an essential public and governmental function and