Sec. 3. CONVEYANCE OF REAL PROPERTY IN ALBUQUERQUE, NEW MEXICO, TO THE AMY BIEHL HIGH SCHOOL FOUNDATION

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 3 CONVEYANCE OF REAL PROPERTY IN ALBUQUERQUE, NEW MEXICO, TO THE AMY BIEHL HIGH SCHOOL FOUNDATION ###

(a)Conveyance Notwithstanding any other provision of law, not later than 90 days after the date of enactment of this Act, the Administrator shall offer to convey to the Foundation, by quitclaim deed, all right, title, and interest of the United States in and to the Federal land. ###

(b)Consideration As consideration for conveyance of the Federal land under subsection (a), the Administrator shall require the Foundation to pay to the Administrator consideration in an amount equal to the fair market value of the Federal land, as determined based on an appraisal that is acceptable to the Administrator. ###

(c)Costs of Conveyance The Foundation shall be responsible for paying— ####

(1)the costs of an appraisal conducted under subsection (b); and ####

(2)any other costs relating to the conveyance of the Federal land under this Act. ###

(d)Proceeds ####

(1)Deposit Net proceeds received under subsection

(b)shall be paid into the Federal Buildings Fund established under section 592 of title 40, United States Code. ####

(2)Expenditure Amounts paid into the Federal Buildings Fund under paragraph

(1)shall be available to the Administrator, in amounts specified in appropriations Acts, for expenditure for any lawful purpose consistent with existing authorities granted to the Administrator, except that the Administrator shall provide to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate 30 days advance written notice of any expenditure of the proceeds. ###

(e)Additional Terms and Conditions The Administrator may require that any conveyance under subsection

(a)be subject to such additional terms and conditions as the Administrator considers appropriate to protect the interests of the United States. ###

(f)Deadline The conveyance of the Federal land under this Act shall occur not later than 3 years after the date of enactment of this Act.