Text: S.1492 — 114th Congress (2015-2016)All Information (Except Text)
Public Law No: 114-161 (05/20/2016)
[114th Congress Public Law 161]
[From the U.S. Government Publishing Office]
[[Page 130 STAT. 407]]
Public Law 114-161
To direct the Administrator of General Services, on behalf of the
Archivist of the United States, to convey certain Federal property
located in the State of Alaska to the Municipality of Anchorage,
Alaska. <<NOTE: May 20, 2016 - [S. 1492]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. REAL PROPERTY CONVEYANCE.
(a) Definitions.--In this section:
(1) Archivist.--The term ``Archivist'' means the Archivist
of the United States.
(2) City.--The term ``City'' means the Municipality of
(1) In general.--As soon as practicable after the date of
enactment of this Act and after completion of the survey and
appraisal described in this section, the Administrator of
General Services, on behalf of the Archivist, shall offer to
convey to the City by quitclaim deed for the consideration and
under the conditions described in subsection (d), all right,
title, and interest of the United States in and to a parcel of
real property described in subsection (c).
(2) Costs of conveyance.--The City shall be responsible for
(A) the costs of an appraisal conducted pursuant to
subsection (d)(1)(B); and
(B) any other costs relating to the conveyance of
the Federal property under this Act.
(c) Legal Description of Property.--
(1) In general.--The parcel to be conveyed under subsection
(b) consists of approximately 9 acres and improvements located
at 400 East Fortieth Avenue in the City that is administered by
the National Archives and Records Administration.
(2) Survey required.--As soon as practicable after the date
of enactment of this Act, the exact acreage and legal
description of the real property to be conveyed under subsection
(b) shall be determined by a survey, paid for by the City, that
is satisfactory to the Archivist.
(d) Terms and Conditions.--
(A) In general.--As consideration for the conveyance
of the property under subsection (b), the City shall pay
to the Archivist an amount not less than the fair market
value of the conveyed property, to be determined as
provided in subparagraph (B).
[[Page 130 STAT. 408]]
(B) Appraisal.--The fair market value of the
property to be conveyed under subsection (b) shall be
determined based on an appraisal that--
(i) is conducted by a licensed, independent
appraiser that is approved by the Archivist and
(ii) is based on the highest and best use of
(iii) is approved by the Archivist; and
(iv) is paid for by the City.
(2) Preconveyance entry.--The Archivist, on terms and
conditions the Archivist determines to be appropriate, may
authorize the City to enter the property at no charge for
preconstruction and construction activities.
(3) Additional terms and conditions.--The Archivist may
require additional terms and conditions in connection with the
conveyance under subsection (b) as the Archivist considers
appropriate to protect the interests of the United States.
(e) Proceeds.--Any net proceeds received by the Archivist as a
result of the conveyance under this Act shall be deposited in the
Treasury and used for deficit reduction, in such manner as the Secretary
of the Treasury considers appropriate.
Approved May 20, 2016.
LEGISLATIVE HISTORY--S. 1492 (H.R. 336):
HOUSE REPORTS: No. 114-103 (Comm. on Transportation and Infrastructure)
accompanying H.R. 336.
SENATE REPORTS: No. 114-228 (Comm. on Homeland Security and Governmental
CONGRESSIONAL RECORD, Vol. 162 (2016):
Apr. 6, considered and passed Senate.
May 16, considered and passed House.