Code · STATUTE-COMPILATIONS · Former Charleston Naval Base Land Exchange Act of 2012 · Sec. 4

Sec. 4. EXCHANGE TERMS AND CONDITIONS

116 words·~1 min read·/statute-compilations/comps-9928/sec-4

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

## SEC. 4 EXCHANGE TERMS AND CONDITIONS ###

(a)In General The conveyance of Federal land under section 3 shall be subject to— ####

(1)any valid existing rights; and ####

(2)any additional terms and conditions that the Secretary determines to be appropriate to protect the interests of the United States. ###

(b)Costs The costs of carrying out the exchange of land under section 3 shall be shared equally by the Secretary and the State Ports Authority. ###

(c)Equal Value Exchange Notwithstanding the appraised value of the land exchanged under section 3, the values of the Federal and non-Federal land in the land exchange under section 3 shall be considered to be equal.