Page:United States Statutes at Large Volume 110 Part 4.djvu/88

From Wikisource
Jump to: navigation, search
This page needs to be proofread.


110 STAT. 2934 PUBLIC LAW 104-204—SEPT. 26, 1996 under subsection (a) is completed, the City of Downey shall pay to the United States an amount equal to fair market value of the conveyed property as of the date of the Federal conveyance. (2) EFFECT OF RECONVEYANCE BY THE CITY.— I f the City of Downey reconveys all or any part of the conveyed property during such 20-year period, the City 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 City. (3) DETERMINATION OF FAIR MARKET VALUE. —The Administrator of GSA shall determine fair market value in accordance with Federal appraisal standards and procedures. (4) TREATMENT OF LEASES.— The Administrator of GSA may treat a lease of the property within such 20-year period as a reconveyance if the Administrator determines that the lease is being used to avoid application of paragraph (b)(2). (5) DEPOSIT OF PROCEEDS. —The Administrator of GSA 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)). (c) The exact acreage and legal description of the real property to be conveyed under subsection (a) shall be determined by a survey satisfactory to the Administrator of GSA. The cost of the survey shall be borne by the City of Downey, California. (d) The Administrator of GSA may require such additional terms and conditions in connection with the conveyance under subsection (a) as the Administrator of GSA considers appropriate to protect the interests of the United States. (e) If the City at any time after the conveyance of the property under subsection (a) notifies the Administrator of GSA that the City no longer wishes to retain the property, it may convey the property under the terms of subsection (b), or, it may revert all right, title, and interest in and to the property (including any facilities, equipment, or fixtures conveyed, but excluding the value of any improvements made to the property by the City) to the United States, and the United States shall have the right of immediate entry onto the property. TITLE V—SUPPLEMENTAL DEPARTMENT OF VETERANS AFFAIRS VETERANS BENEFITS ADMINISTRATION COMPENSATION AND PENSIONS For an additional amount for "Compensation and Pensions", $100,000,000, to be made available upon enactment of this Act, to remain available until expended.