PUBLIC LAW 106-181—APR. 5, 2000 114 STAT. 181 SEC. 751. CONVEYANCE OF AIRPORT PROPERTY TO AN INSTITUTION OF HIGHER EDUCATION IN OKLAHOMA. (a) IN GENERAL.—Notwithstanding any other provision of law, including the Surplus Property Act of 1944 (58 Stat. 765, chapter 479; 50 U.S.C. App. 1622 et seq.), and subject to the requirements of this section, the Secretary (or the appropriate Federal officer) may waive, without charge, any of the terms contained in any deed of conveyance described in subsection (b) that restrict the use of any land described in such a deed that, as of the date of the enactment of this Act, is not being used for the operation of an airport or for air traffic. A waiver made under the preceding sentence shall be deemed to be consistent with the requirements of section 47153 of title 49, United States Code. (b) DEED OF CONVEYANCE. — A deed of conveyance referred to in subsection (a) is a deed of conveyance issued by the United States before the date of the enactment of this Act for the convey- ance of lands to a public institution of higher education in Oklahoma. (c) USE OF LANDS SUBJECT TO WAIVER.— (1) IN GENERAL. — Notwithstanding any other provision of law, the lands subject to a waiver under subsection (a) shall not be subject to any term, condition, reservation, or restriction that would otherwise apply to that land as a result of the conveyance of that land by the United States to the institution of higher education. (2) USE OF REVENUES.— An institution of higher education that is issued a waiver under subsection (a) shall use revenues derived from the use, operation, or disposal of that land— (A) for the airport; and (B) to the extent that funds remain available, for weather-related and educational purposes that primarily benefit aviation. (d) CONDITION.—An institution of higher education that is Regulations. issued a waiver under subsection (a), shall agree that, in leasing or conveying any interest in land to which the deed of conveyance described in subsection (b) relates, the institution will receive an amount that is equal to the fair lease value or the fair market value, as the case may be, as determined pursuant to regulations issued by the Secretary. (e) GRANTS.— (1) IN GENERAL.— Notwithstanding any other provision of law, if an institution of higher education that is subject to a waiver under subsection (a) received financial assistance in the form of a grant from the Federal Aviation Administration or a predecessor agency before the date of the enactment of this Act, then the Secretary may waive the repayment of the outstanding amount of any grant that the institution of higher education would otherwise be required to pay. (2) ELIGIBILITY TO RECEIVE SUBSEQUENT GRANTS.— Nothing in paragraph (1) shall affect the eligibility of an institution of higher education that is subject to that paragraph from receiving grants from the Secretary under chapter 471 of title 49, United States Code, or under any other provision of law relating to financial assistance provided through the Federal Aviation Administration.
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