[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1347 Enrolled Bill (ENR)]

        S.1347

                       One Hundred Fifth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Tuesday,
 the seventh day of January, one thousand nine hundred and ninety-seven


                                 An Act


 
To permit the city of Cleveland, Ohio, to convey certain lands that the 
                   United States conveyed to the city.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEFINITIONS.

    For purposes of this Act, the term ``fair market value'' shall have 
the meaning provided that term by the Secretary of Transportation, by 
regulation.

SEC. 2. AUTHORITY TO GRANT WAIVERS.

    (a) In General.--Notwithstanding any other provision of law and 
subject to section 47153 of title 49, United States Code, and section 
3, the Secretary of Transportation may waive any of the terms contained 
in the deed of conveyance described in subsection (b).
    (b) Deed of Conveyance.--The deed of conveyance described in this 
subsection is the deed of conveyance issued by the United States and 
dated January 10, 1967, for the conveyance of lands to the city of 
Cleveland, Ohio, for use by the city for airport purposes.

SEC. 3. CONDITIONS.

    (a) Fair Market Value or Equivalent Benefit.--As a condition to 
receiving a waiver under this Act, the city of Cleveland, Ohio, may 
convey an interest in the lands described in section 2(b) only if the 
city receives, in exchange for the interest--
        (1) an amount equal to the fair market value of the interest; 
    or
        (2) an equivalent benefit.
    (b) Use of Amounts or Equivalent Benefits.--Any amount or 
equivalent benefit that is received by the city of Cleveland shall be 
used by the city for--
        (1) the development, improvement, operation, or maintenance of 
    a public airport; or
        (2) lands (including any improvements to those lands) that 
    produce revenues that are used for airport development purposes.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.