Sec. 2832. MODIFICATION OF LAND EXCHANGE INVOLVING NAVAL INDUSTRIAL RESERVE ORDNANCE PLANT, SUNNYVALE, CALIFORNIA
718 words·~3 min read·
/statute-compilations/comps-16736/sec-2832A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 2832 MODIFICATION OF LAND EXCHANGE INVOLVING NAVAL INDUSTRIAL RESERVE ORDNANCE PLANT, SUNNYVALE, CALIFORNIA ###
(a)Elements of Exchange Section 2841(a) of the Military Construction Authorization Act for Fiscal Year 2018 (division B of Public Law 115-91; 131 Stat. 1860) is amended by striking paragraphs
(1)and
(2)and inserting the following new paragraphs: > > #### “(1) > > real property, including improvements thereon, located in Titusville, Florida, that will replace the NIROP and meet the readiness requirements of the Department of the Navy, as determined by the Secretary; and > > > #### “(2) > > reimbursement for the costs of relocation of contractor and Government personnel and equipment from the NIROP to the replacement facilities, to the extent specified in the land exchange agreement contemplated in subsection (b).” > . ###
(b)Elements of Land Exchange Agreement Section 2841(b)(1) of the Military Construction Authorization Act for Fiscal Year 2018 (division B of Public Law 115-91; 131 Stat. 1860) is amended by inserting after “identifies” the following: “the costs of relocation to be reimbursed by the Exchange Entity,”. ###
(c)Valuation of Properties and Compensation Section 2841 of the Military Construction Authorization Act for Fiscal Year 2018 (division B of Public Law 115-91; 131 Stat. 1860) is amended— ####
(1)by striking subsection (c); ####
(2)by redesignating subsections
(d)through
(i)as subsections
(e)through (j), respectively; and ####
(3)by inserting after subsection
(b)the following new subsections: > > ### “(c) Valuation > > The Secretary shall determine the fair market value of the properties, including improvements thereon, to be exchanged by the Secretary and the Exchange Entity under subsection (a). > > > ### “(d) Compensation > > > #### “(1) Compensation required > > The Exchange Entity shall provide compensation under the land exchange agreement described in subsection
(b)that is equal to or exceeds the fair market value of the NIROP, as determined under subsection (c). > > > #### “(2) In-kind consideration > > As part of the compensation under the land exchange agreement, the Secretary and the Exchange Entity may agree for the Exchange Entity to provide the following forms of in-kind consideration at any property or facility under the control of the Secretary: > > > ##### “(A) > > Alteration, repair, improvement, or restoration (including environmental restoration) of property. > > > ##### “(B) > > Use of facilities by the Secretary. > > > ##### “(C) > > Provision of real property maintenance services. > > > ##### “(D) > > Provision of or payment of utility services. > > > ##### “(E) > > Provision of such other services relating to activities that will occur on the property as the Secretary considers appropriate. > > > #### “(3) Deposit > > The Secretary shall deposit any cash payments received under the land exchange agreement, other than cash payments accepted under section 2695 of title 10, United States Code, in the account in the Treasury established pursuant to section 572(b) of title 40, United States Code. > > > #### “(4) Use of proceeds > > Proceeds deposited pursuant to paragraph
(3)in the account referred to in such paragraph shall be available to the Secretary in such amounts as provided in appropriations Acts for the following activities: > > > ##### “(A) > > Maintenance, protection, alternation, repair, improvement, or restoration (including environmental restoration) of property or facilities. > > > ##### “(B) > > Payment of utilities services. > > > ##### “(C) > > Real property maintenance services.” > . ###
(d)Treatment of Certain Amounts Received Subsection
(f)of section 2841 of the Military Construction Authorization Act for Fiscal Year 2018 (division B of Public Law 115-91; 131 Stat. 1861), as redesignated by subsection (c)(2) of this section, is amended by striking “(a), (c)(2), and (d)” and inserting “(a) and (e)”. ###
(e)Sunset Subsection
(j)of section 2841 of the Military Construction Authorization Act for Fiscal Year 2018 (division B of Public Law 115-91; 131 Stat. 1861), as redesignated by subsection (c)(2) of this section, is amended by striking “October 1, 2023” and inserting “October 1, 2026, if the Secretary and the Exchange Entity have not entered into a land exchange agreement described in subsection
(b)before that date”.
Connectionstraces to 1
Traces to 1 document
public-private-law
2 references not yet in our index
- 131 Stat. 1860
- 131 Stat. 1861
Citation graph
cites case law
Sec. 2832
MODIFICATION OF LAND EXCHANGE INVOLVING NAVAL INDUSTRIAL RESERVE ORDNANCE PLANT, SUNNYVALE, CALIFORNIA
Stat.131 Stat. 1860
Stat.131 Stat. 1861
Cites 3Cited by 0 across 0 sources