Summary: S.1492 — 114th Congress (2015-2016)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Public Law No: 114-161 (05/20/2016)

(This measure has not been amended since it was reported to the Senate on March 15, 2016. The summary of that version is repeated here.)

This bill directs the General Services Administration, on behalf of the Archivist of the United States, to offer to convey to the city of Anchorage, Alaska, for not less than fair market value, a parcel of U.S. property in such city consisting of approximately nine acres and improvements located at 400 East Fortieth Avenue that is administered by the National Archives and Records Administration.

The city shall be responsible for paying the costs of a survey, an appraisal, and any other costs relating to the conveyance of the federal property.

Any net proceeds received by the Archivist as a result of the conveyance shall be deposited in the Treasury and used for deficit reduction.