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Code · STATUTE-COMPILATIONS · National Defense Authorization Act for Fiscal Year 2018 · Sec. 631

Sec. 631. LAND CONVEYANCE AUTHORITY, ARMY AND AIR FORCE EXCHANGE SERVICE PROPERTY, DALLAS, TEXAS

293 words·~1 min read·/statute-compilations/comps-13932/sec-631

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## SEC. 631 LAND CONVEYANCE AUTHORITY, ARMY AND AIR FORCE EXCHANGE SERVICE PROPERTY, DALLAS, TEXAS ###
(a)Conveyance Authorized The Army and Air Force Exchange Service may convey, by sale, exchange, or a combination thereof, all right, title, and interest of the United States in and to a parcel of real property, including improvements thereon, that— ####
(1)is located at 8901 Autobahn Drive in Dallas, Texas; and ####
(2)was purchased using nonappropriated funds of the Army and Air Force Exchange Service. ###
(b)Consideration ####
(1)In general Consideration for the real property conveyed under subsection
(a)shall be at least equal to the fair market value of the property, as determined by the Army and Air Force Exchange Service. ####
(2)Treatment of cash consideration Notwithstanding section 574 of title 40, United States Code, any cash consideration received from the conveyance of the property under subsection
(a)may be retained by the Army and Air Force Exchange Service because the property was acquired using nonappropriated funds. ###
(c)Description of Property The exact acreage and legal description of the real property to be conveyed under subsection
(a)shall be determined by a survey satisfactory to the Army and Air Force Exchange Service. The recipient of the property shall be required to cover the cost of the survey. ###
(d)Additional Terms and Conditions The Army and Air Force Exchange Service may require such additional terms and conditions in connection with the conveyance under subsection
(a)as the Army and Air Force Exchange Service considers appropriate to protect the interests of the United States. ###
(e)Inapplicability of Certain Provisions of Law Section 2696 of title 10, United States Code, shall not apply to a conveyance of property under this section.
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