Sec. 501. CONVEYANCE OF COAST GUARD PROPERTY IN POINT REYES STATION, CALIFORNIA
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## SEC. 501 CONVEYANCE OF COAST GUARD PROPERTY IN POINT REYES STATION, CALIFORNIA ###
(a)Conveyance ####
(1)In general The Commandant of the Coast Guard shall convey to the County of Marin, California all right, title, and interest of the United States in and to the covered property— #####
(A)for fair market value, as provided in paragraph (2); #####
(B)subject to the conditions required by this section; and #####
(C)subject to any other term or condition that the Commandant considers appropriate and reasonable to protect the interests of the United States. ####
(2)Fair Market Value The fair market value of the covered property shall be— #####
(A)determined by a real estate appraiser who has been selected by the County and is licensed to practice in California; and #####
(B)approved by the Commandant. ####
(3)Proceeds The Commandant shall deposit the proceeds from a conveyance under paragraph
(1)in the Coast Guard Housing Fund established by section 687 of title 14, United States Code. ###
(b)Condition of Conveyance As a condition of any conveyance of the covered property under this section, the Commandant shall require that all right, title, and interest in and to the covered property shall revert to the United States if the covered property or any part thereof ceases to be used for affordable housing, as defined by the County and the Commandant at the time of conveyance, or to provide a public benefit approved by the County. ###
(c)Survey The exact acreage and legal description of the covered property shall be determined by a survey satisfactory to the Commandant. ###
(d)Rules of Construction Nothing in this section may be construed to affect or limit the application of or obligation to comply with any environmental law, including section 120(h) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9620(h)). ###
(e)Covered Property Defined In this section, the term “covered property” means the approximately 32 acres of real property (including all improvements located on the property) that are— ####
(1)located in Point Reyes Station in the County of Marin, California; ####
(2)under the administrative control of the Coast Guard; and ####
(3)described as “Parcel A, Tract 1”, “Parcel B, Tract 2”, “Parcel C”, and “Parcel D” in the Declaration of Taking (Civil No. C 71-1245 SC) filed June 28, 1971, in the United States District Court for the Northern District of California. ###
(f)Expiration The authority to convey the covered property under this section shall expire on the date that is four years after the date of the enactment of this Act.
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Sec. 501
CONVEYANCE OF COAST GUARD PROPERTY IN POINT REYES STATION, CALIFORNIA
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