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Administrator of the National Oceanic and Atmospheric 
Administration. 
(b) CONVEYANCE AUTHORIZED.— 
(1) IN GENERAL.—The Secretary may convey, at 
fair market value, all right, title, and interest of the 
United States in and to the Property, subject to the re-
strictions in subsections (b)(2) and (c) and the require-
ments of this section. 
(2) RESTRICTION.—The Secretary may not take ac-
tion under this section until the Commandant notifies 
the Secretary in writing that the Coast Guard does not 
have an interest in acquiring the property, or a period 
of 180 calendar days expires following the date of enact-
ment of this section. 
(3) NOTIFICATION EXPIRATION.—If, the Secretary 
has not received notification under paragraph (2) at the 
end of the 180 calendar day period, the Secretary and 
the Commandant shall notify the Committee on Trans-
portation and Infrastructure and the Committee on Ap-
propriations of the House of Representatives and the 
Committee on Commerce, Science, and Transportation 
and the Committee on Appropriations of the Senate in 
writing that no notification has been received. 
(4) TERMINATION OF AUTHORITY.—The authority 
provided under paragraph (1) shall terminate on the
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date that is 3 years after the date of the enactment of 
this Act. 
(c) TRANSFER OF PROPERTY TO COAST GUARD.— 
(1) IN GENERAL.—If not later than 180 calendar 
days after the date of enactment of this Act the Com-
mandant notifies the Secretary that the Coast Guard has 
an interest in the Property, the Secretary shall transfer 
the Property to the Coast Guard. 
(2) TRANSFER.—Any transfer performed pursuant 
to this subsection shall— 
(A) occur not later than 1 year of any written 
notification required under paragraph (1); 
(B) include within the transfer from the De-
partment of Commerce to the Coast Guard all legal 
obligations attached to ownership or administrative 
control of the Property, interest therein, or im-
provements thereto, including environmental compli-
ance and restoration liabilities and historical preser-
vation liabilities and responsibilities; 
(C) be at no cost to the Department of Com-
merce, to include all land survey costs; 
(D) not affect or limit any remaining real 
property interests held by the Department of Com-
merce on any real property subject to such transfer; 
and
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(E) be accompanied by a memorandum of 
agreement between the Coast Guard and the De-
partment of Commerce to require the Commandant 
to allow— 
(i) future access to, and use of, the Prop-
erty, including use of available pier space, to 
accommodate the reasonable expectations of 
the Secretary for future operational and 
logistical needs in southeast Alaska; and 
(ii) continued access to, and use of, exist-
ing facilities on the Property, including a ware-
house and machine shop, unless the Com-
mandant determines that the Property on 
which the facilities are located is needed to 
support polar operations, at which time the 
Coast Guard shall provide the Department of 
Commerce access to and use of comparable 
space in reasonable proximity to the existing 
facilities. 
(d) RIGHT OF FIRST REFUSAL.—If the Coast Guard 
does not transfer the Property under subsection (c), the City 
shall have the right of first refusal with respect to the pur-
chase, at fair market value, of the Property.
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(e) SURVEY.—The exact acreage and legal description of 
the Property shall be determined by a survey satisfactory to 
the Secretary. 
(f) CONDITION; QUITCLAIM DEED.—If the Property is 
conveyed under subsection (b)(1), the Property shall be con-
veyed— 
(1) in an ‘‘as is, where is’’ condition; and 
(2) via a quitclaim deed. 
(g) FAIR MARKET VALUE.— 
(1) IN GENERAL.—The fair market value of the 
Property shall be— 
(A) determined by an appraisal that— 
(i) is conducted by an independent ap-
praiser selected by the Secretary; and 
(ii) meets the requirements of paragraph 
(2); and 
(B) adjusted, at the Secretary’s discretion, 
based on the factors described in paragraph (3). 
(2) APPRAISAL REQUIREMENTS.—An appraisal con-
ducted under paragraph (1)(A) shall be conducted in ac-
cordance with nationally recognized appraisal standards, 
including the Uniform Standards of Professional Ap-
praisal Practice. 
(3) FACTORS.—The factors described in this para-
graph are—