PUBLIC LAW 104-106—FEB. 10, 1996 110 STAT. 607 fair market value of the conveyed property as of the time of the conveyance. (2) EFFECT OF RICCONVEYANCE BY STATE.—I f the State of Illinois reconveys all or any part of the conveyed property during such 20-year period, the State shall pay to the United States an amount equal to the fair market value of the reconveyed property as of the time of the reconveyance, excluding the value of any improvements made to the property by the State. (3) DETERMINATION OF FAIR MARKET VALUE.— The Secretary of the Army shall determine fair market value in accordance with Federal appraisal standards and procedures. (4) TREATMENT OF LEASES.— The Secretary of the Army may treat a lease of the property within such 20-year period as a reconveyance if the Secretary determines that the lease is being used to avoid application of paragraph (2). (5) DEPOSIT OF PROCEEDS.— The Secretary of the Army shall deposit any proceeds received under this subsection in the special account established pursuant to section 204(h)(2) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 485(h)(2)). (d) CONDITIONS OF CONVEYANCE.— (1) REDEVELOPMENT AUTHORITY.—The conveyance under subsection (a) shall be subject to the condition that the Governor of the State of Illinois, in consultation with the Mayor of the Village of Elwood, Illinois, and the Mayor of the City of Wilmington, Illinois, establish a redevelopment authority to be responsible for overseeing the development of the industrial parks on the conveyed property. (2) TIME FOR ESTABLISHMENT.— To satisfy the condition specified in paragraph (1), the redevelopment authority shall be established within one year after the date of the enactment of this title. (e) SURVEYS.— All costs of necessary surveys for the conveyance of real property under this section shall be borne by the State of Illinois. (f) ADDITIONAL TERMS AND CONDITIONS. — The Secretary of the Army may require such Eidditional terms and conditions in connection with the conveyance under this section as the Secretary considers appropriate to protect the interests of the United States. Subtitle C—Miscellaneous Provisions SEC. 2931. DEGREE OF ENVIRONMENTAL CLEANUP. (a) IN GENERAL. —Nothing in this title shall be construed to restrict or lessen the degree of cleanup at the Arsenal required to be carried out under provisions of any environmental law. (b) RESPONSE ACTION.— The establishment of the Midewin National Tallgrass Prairie under subtitle A and the additional real property transfers or conveyances authorized under subtitle B shall not restrict or lessen in any way any response action or degree of cleanup under CERCLA or other environmental law, or any action required under any environmental law to remediate petroleum products or their derivatives (including motor oil and aviation fuel), required to be carried out under the authority of the Secretary of the Army at the Arsenal and surrounding areas.
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