IB 
Union Calendar No. 323 
110TH CONGRESS 
2D SESSION 
H. R. 1143 
[Report No. 110–532] 
To authorize the Secretary of the Interior to lease certain lands in Virgin 
Islands National Park, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 16, 2007 
Mrs. CHRISTENSEN introduced the following bill; which was referred to the 
Committee on Natural Resources 
FEBRUARY 28, 2008 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on February 16, 2007] 
A BILL 
To authorize the Secretary of the Interior to lease certain 
lands in Virgin Islands National 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. DEFINITIONS. 
In this Act, the following definitions apply: 
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(1) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Interior. 
(2) RUE.—The term ‘‘RUE’’ means the retained 
use estate entered into by the Jackson Hole Preserve 
and the United States on September 30, 1983. 
(3) PARK.—The term ‘‘park’’ means Virgin Is-
lands National Park. 
(4) CBI.—The term ‘‘CBI’’ means CBI Acquisi-
tions, LLC. 
(5) RESORT.—The term ‘‘Resort’’ means Caneel 
Bay Resort on the island of St. John in Virgin Is-
lands National Park. 
SEC. 2. LEASE AGREEMENT. 
(a) AUTHORIZATION.—The Secretary may enter into 
a lease agreement with CBI governing the use of property 
for the continued management and operation of the Resort. 
(b) ADDITIONAL LANDS.—Any lease entered into pur-
suant to this Act shall include the property covered by the 
RUE and any associated property owned by CBI donated 
to the National Park Service. 
(c) TERMS.—The lease agreement authorized under 
subsection (a) shall— 
(1) require that operations and maintenance of 
the Resort are conducted in a manner consistent with 
the preservation and conservation of the resources and 
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values of the Park as well as the best interests of the 
Resort; 
(2) be for the minimum number of years prac-
ticable to enable the lessee to secure financing for any 
necessary improvements to the Resort, taking into ac-
count the financial obligations of CBI, but in any 
event shall not exceed 40 years; 
(3) prohibit any transfer, assignment or sale of 
the lease or otherwise convey or pledge any interest in 
the lease without prior written notification to and ap-
proval by the Secretary; 
(4) prohibit any increase in the number of guest 
accommodations available at the Resort; 
(5) prohibit any increase in the overall size of 
the Resort; 
(6) prohibit the sale of partial ownership shares 
or timeshares in the Resort; 
(7) be designed to facilitate transfer of all prop-
erty covered by the lease to Federal administration 
upon expiration of the lease; and 
(8) include any other provisions determined by 
the Secretary to be necessary to protect the Park and 
the public interest. 
(d) APPRAISALS.—The Secretary shall require ap-
praisals to determine the fair market value of all property 
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covered by the RUE and any property, including the value, 
if any, of the surrendered term of the RUE, owned by CBI 
to be donated, or otherwise conveyed, to the National Park 
Service. Such appraisals shall be conducted pursuant to the 
Uniform Appraisal Standards for Federal Land Acquisi-
tion. 
(e) COMPENSATION.— 
(1) IN GENERAL.—The lease authorized by this 
Act shall— 
(A) require payment to the United States of 
the property’s fair market value rent, taking into 
account the value of any associated property 
transferred by CBI as well as the value, if any, 
of the surrendered term of the RUE; 
(B) include a provision— 
(i) 
allowing 
recalculation 
of 
the 
amount of the payment required under this 
subsection, at the request of the Secretary or 
CBI, in the event of extraordinary unan-
ticipated changes in conditions anticipated 
at the time the lease was finalized; and 
(ii) providing for binding arbitration 
in the event the Secretary and CBI are un-
able to agree upon an adjustment to the 
payment in these circumstances. 
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(2) DISTRIBUTION.—Eighty percent of the pay-
ment to the United States required by this subsection 
shall be available to the Secretary, without further 
appropriation, for expenditure within the Park. The 
remaining twenty percent shall be deposited in the 
Treasury. 
(3) APPLICABILITY OF CERTAIN LAW.—Section 
321 of the Act of June 30, 1932 (40 U.S.C. 1302), re-
lating to the leasing of buildings and property of the 
United States, shall not apply to the lease entered 
into by the Secretary pursuant to this Act. 
SEC. 3. RETAINED USE ESTATE. 
As a condition of the lease, CBI shall relinquish to the 
Secretary all rights under the RUE and transfer, without 
compensation, ownership of improvements covered by the 
RUE to the United States. 
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