Sec. 4. CONDITIONS OF THE CONVEYANCE OF THE PROPERTIES

135 words·~1 min read·/statute-compilations/comps-17265/sec-4

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

## SEC. 4 CONDITIONS OF THE CONVEYANCE OF THE PROPERTIES ###

(a)Conditions The conveyance of the properties under section 3— ####

(1)shall be made by warranty deed; and ####

(2)shall not— #####

(A)require any consideration from the Consortia or the Council for the property; #####

(B)impose any obligation, term, or condition on the Consortia or the Council regarding the property; or #####

(C)allow for any reversionary interest of the United States in the property. ###

(b)Effect on Any Quitclaim Deed The conveyance by the Secretary of title by warranty deed under subsection (a)(1) shall, on the effective date of the conveyance, supersede and render of no future effect any quitclaim deed to the properties described in section 3 executed by the Secretary and the Consortia or the Council.