Sec. 2306. SALE OF WEBSTER SCHOOL

177 words·~1 min read·/statute-compilations/comps-18105/sec-2306

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## SEC. 2306 SALE OF WEBSTER SCHOOL ###

(a)Sale Not later than December 31, 2025, the Administrator of General Services (referred to in this section as the “Administrator”) shall sell the property described in subsection

(b)at fair market value and for the highest and best use. ###

(b)Property Described The property referred to in subsection

(a)is the property generally consisting of Lot 822 of Square 375 at 940 H Street Northwest in Washington, District of Columbia, including the building known as the Webster School, subject to a survey, as determined appropriate by the Administrator. ###

(c)Treatment of Net Proceeds; Future Appropriation ####

(1)In general Any net proceeds received from the sale under this section shall be deposited into an account in the Federal Buildings Fund established by section 592(a) of title 40, United States Code (referred to in this subsection as the “Fund”). ####

(2)Future appropriation On deposit of net proceeds into the Fund under paragraph (1), those net proceeds may only be expended pursuant to a specific future appropriation.