Sec. 24. SALE OF 12TH AND INDEPENDENCE

195 words·~1 min read·/statute-compilations/comps-12646/sec-24

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## SEC. 24 SALE OF 12TH AND INDEPENDENCE ###

(a)Definition In this section, the term “property” means the property located in the District of Columbia, subject to survey and as determined by the Administrator, generally consisting of Squares 325 and 326 and a portion of Square 351 and generally bounded by 12th Street, Independence Avenue, C Street, and the James Forrestal Building, all in Southwest Washington, District of Columbia, and shall include all associated air rights, improvements thereon, and appurtenances thereto. ###

(b)Sale Not later than December 31, 2018, the Administrator shall sell the property at fair market value at highest and best use. ###

(c)Requirement Notwithstanding any other provision of law, the sale of the property by the Administrator shall ensure continuity of security measures, parking access, and infrastructure requirements of the James Forrestal Building while it is occupied by the Department of Energy. ###

(d)Net Proceeds Any net proceeds received shall be paid into an account in the Federal Buildings Fund established under section 592 of title 40, United States Code. Upon deposit, the net proceeds from the sale may be expended only subject to a specific future appropriation.