103D CONGRESS
2D SESSION
H. R. 4448
AN ACT
To amend the Act establishing Lowell National Historical
Park, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. AMENDMENTS.
The Act entitled ‘‘An Act to provide for the establish-
ment of the Lowell National Historical Park in the Com-
monwealth of Massachusetts, and for other purposes’’ ap-
proved June 5, 1978 (92 Stat. 290; 16 U.S.C. 410cc et
seq.), is amended as follows:
(1) 
In 
section 
103(a)(2), 
by 
striking
‘‘$33,600,000’’ and inserting ‘‘$43,930,000’’. The
amendment made by this paragraph shall take effect
on October 1, 1994.
(2) In section 203, by adding at the end thereof
the following new subsection:
‘‘(c) LOAN AND GRANT AGREEMENTS.—Upon termi-
nation of the Commission, the Secretary, acting through
the National Park Service, shall assume all responsibilities
of the Commission for administration and oversight of the
loan and grant agreements under section 303.’’.
(3) In section 205, by adding at the end thereof
the following new subsection:
‘‘(e) LEASING AUTHORITY.—(1) In addition to other
available authorities, the Secretary may, in his discretion,
negotiate and enter into leases, as appropriate, with any
person, firm, association, organization, corporation or gov-
ernmental entity for the use of any property within the
Park and Preservation District in accordance with the
General Management Plan and any of the purposes set
forth in section 1 of this Act.
‘‘(2) Any leases entered into under this subsection
shall be subject to such procedures, terms, conditions and
restrictions as the Secretary deems necessary. The Sec-
retary is authorized to negotiate and enter into leases or
other agreements, at fair market value and without regard
to section 321 of chapter 314 of the Act of June 30, 1932
(40 U.S.C. 303b). For purposes of any such lease or other
agreements, the Secretary may adjust the rental by taking
into account any amounts to be expended by the lessee
for preservation, maintenance, restoration, improvement,
repair and related expenses with respect to the leased
properties.
‘‘(3) Surplus proceeds from leases entered into under
section 111 of the National Historic Preservation Act (16
U.S.C. 470h–3) with respect to property in the Park and
Preservation District, and all proceeds from all other
leases entered into under this subsection, shall be retained
by the Secretary, remain available until expended, and,
subject to appropriation, be used to offset the costs of
preservation, interpretation, restoration, maintenance, im-
provement, repair, and related expenses, including admin-
istration related to such expenses, incurred by the Sec-
retary with respect to properties within the Park and
Preservation District, with the balance used to offset other
costs incurred by the Secretary in the administration of
the Park.
‘‘(4) Each lessee of a lease entered into under this
subsection shall keep such records as the Secretary may
prescribe to enable the Secretary to determine that all
terms of the lease have been, and are being, faithfully per-
formed.
‘‘(5) The Secretary shall annually prepare and submit
to Congress a report on property leased under this sub-
section.’’.
(4) In section 301(i), by striking ‘‘seventeen’’
and inserting ‘‘22’’.
(5) In section 303(a), by amending paragraph
(1) to read as follows:
‘‘(1) The loan to the corporation shall have a
maturity of 35 years. At the end of such period, the
corporation shall repay to the Secretary of the
Treasury (in a lump sum) for deposit in the general
fund of the Treasury the full amount of the loan and
any additional amounts accruing to the corporation
pursuant to this subsection excepting principal and
interest losses occasioned by loan defaults after all
reasonable efforts at collection have been completed
plus those amounts expended by the Corporation for
reasonable administrative expenses. The Commission
is further authorized to renegotiate the terms and
conditions respecting loan repayment of the agree-
ment dated December 8, 1980, with the Lowell De-
velopment and Financial Corporation. The authority
provided in this paragraph shall be available only to