Sec. 5002. Conveyances
416 words·~2 min read·
/bill/114/s/2848/is/section-5002A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The project for navigation, Pearl River, Mississippi and Louisiana, authorized by the first section of the Act of August 30, 1935 (49 Stat. 1033, chapter 831), and section 101 of the River and Harbor Act of 1966 ( Public Law 89–789 ; 80 Stat. 1405), is no longer authorized as a Federal project beginning on the date of enactment of this Act. Subject to subparagraphs
(B)and (C), the Secretary is authorized to convey to a State or local interest, without consideration, all right, title, and interest of the United States in and to— any land in which the Federal Government has a property interest for the project described in paragraph (1); and improvements to the land described in clause (i). The transferee shall be responsible for the payment of all costs and administrative expenses associated with any transfer carried out pursuant to subparagraph (A), including costs associated with any land survey required to determine the exact acreage and legal description of the land and improvements to be transferred. A transfer under subparagraph
(A)shall be subject to such other terms and conditions as the Secretary determines to be necessary and appropriate to protect the interests of the United States. If the Secretary determines that the land and improvements conveyed under paragraph
(2)ceases to be owned by the public, all right, title, and interest in and to the land and improvements shall revert, at the discretion of the Secretary, to the United States. The Secretary is authorized to convey to the lessee, at full fair market value, all right, title and interest of the United States in and to the property identified in the leases numbered DACW38-1-15-7, DACW38-1-15-33, DACW38-1-15-34, and DACW38-1-15-38, subject to such terms and conditions as the Secretary determines to be necessary and appropriate to protect the interests of the United States. The conveyance under paragraph
(1)shall include— a restrictive covenant to require the approval of the Secretary for any substantial change in the use of the property; and a flowage easement. The Secretary shall accept from the Trinity River Authority of Texas, if received by September 30, 2016, $31,233,401 as payment in full of amounts owed to the United States, including any accrued interest, for the approximately 61,747.1 acre-feet of water supply storage space in Joe Pool Lake, Texas (previously known as Lakeview Lake), for which payment has not commenced under Article 5.a (relating to project investment costs) of contract number DACW63–76–C–0106 as of the date of enactment of this Act.
Connectionstraces to 1
Traces to 1 document
statutes-at-large
2 references not yet in our index
- 49 Stat. 1033
- Pub. L. 89-789
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources