Sec. 2846. LAND CONVEYANCE, EGLIN AIR FORCE BASE, FLORIDA

460 words·~2 min read·/statute-compilations/comps-15483/sec-2846

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

## SEC. 2846 LAND CONVEYANCE, EGLIN AIR FORCE BASE, FLORIDA ###

(a)Conveyance Authorized The Secretary of the Air Force may convey to the Air Force Enlisted Village, a nonprofit corporation (in this section referred to as the “Village”), all right, title, and interest of the United States in and to a parcel of real property, including improvements thereon, consisting of approximately 80 acres located adjacent to Eglin Air Force Base, Florida, for the purpose of independent-living and assisted-living apartments for veterans. The conveyance under this subsection is subject to valid existing rights. ###

(b)Consideration Required As consideration for the conveyance under subsection (a), the Village shall provide an amount that is equivalent to the fair market value to the Department of the Air Force of the right, title, and interest conveyed under such subsection, based on an appraisal approved by the Secretary of the Air Force. The consideration under this paragraph may be provided by cash payment, in-kind consideration, or a combination thereof, at such time as the Secretary may require. ###

(c)Payment of Costs of Conveyance ####

(1)Payment required The Secretary may require the Village to cover all costs (except costs for environmental remediation of the property) to be incurred by the Secretary, or to reimburse the Secretary for costs incurred by the Secretary, to carry out the conveyance under this section, including survey costs, costs for environmental documentation, and any other administrative costs related to the conveyance. If amounts are collected from the Village in advance of the Secretary incurring the actual costs, and the amount collected exceeds the costs actually incurred by the Secretary to carry out the conveyance, the Secretary shall refund the excess amount to the Village. ####

(2)Treatment of amounts received Amounts received under paragraph

(1)as reimbursement for costs incurred by the Secretary to carry out the conveyance under subsection

(a)shall be credited to the fund or account that was used to cover the costs incurred by the Secretary in carrying out the conveyance, or to an appropriate fund or account currently available to the Secretary for the purposes for which the costs were paid. Amounts so credited shall be merged with amounts in such fund or account and shall be available for the same purposes, and subject to the same conditions and limitations, as amounts in such fund or account. ###

(d)Description of Property The exact acreage and legal description of the property to be conveyed under subsection

(a)shall be determined by a survey satisfactory to the Secretary. ###

(e)Additional Terms and Conditions The Secretary may require such additional terms and conditions in connection with the conveyance under subsection

(a)as the Secretary considers appropriate to protect the interests of the United States.