Summary: H.R.706 — 107th Congress (2001-2002)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House amended (03/19/2002)

Lease Lot Conveyance Act of 2002 - Directs the Secretary of the Interior to convey real property comprising 403 cabin sites under the administrative jurisdiction of the Bureau of Reclamation that are located along the western portion of the reservoirs in Elephant Butte State Park and Caballo State Park, New Mexico, to the Elephant Butte/Caballo Leaseholders Association, Inc., for fair market value.

Conditions such conveyance on the Association: (1) granting current property leaseholders the option of purchasing or continuing to lease their properties; and (2) reimbursing administrative costs incurred by the Secretary.

Requires the Secretary to establish use restrictions with respect to each conveyed property ensuring: (1) public access to reservoir shorelines; and (2) that operation of the reservoirs shall not result in liability of the United States, the Elephant Butte Irrigation District, or the El Paso County Water Improvement District for damages incurred by any property owner.

Requires each leaseholder to reimburse the Association for a proportionate share of the costs it incurred in completing the transactions pursuant to this Act, including any interest charges.

Sets forth requirements regarding notification and resolution of a dispute or claim against the Association by any such leaseholder.