110 HR 5350 IH: To authorize the Secretary of Commerce to sell or U.S. House of Representatives 2008-02-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 5350 IN THE HOUSE OF REPRESENTATIVES February 12, 2008 Mr. Scott of Virginia (for himself and Mrs. Drake) introduced the following bill; which was referred to the Committee on Natural Resources, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To authorize the Secretary of Commerce to sell or exchange certain National Oceanic and Atmospheric Administration property located in Norfolk, Virginia, and for other purposes.

1.

Sale or exchange of NOAA property in Norfolk, Virginia

(a)

In general

Notwithstanding the process for disposing of Federal property as established by chapter 13 of title 40, United States Code, the Secretary of Commerce may sell or exchange to the City of Norfolk, Virginia, in accordance with this section, real property under the administrative jurisdiction of the National Oceanic and Atmospheric Administration (in this section referred to as NOAA), including land and improvements thereon, located at 538 Front Street, Norfolk, Virginia, consisting of approximately 3.78 acres, if the Secretary— (1)determines that the conveyance is in the best interests of NOAA and the Federal Government; and (2)has provided prior notification to the appropriate Congressional committees. (b)

Consideration

(1)

In general

For any conveyance under this section the Secretary shall require provision to the United States of consideration having a value that is not less than the fair market value of the property conveyed by the United States. (2)

Form

Consideration under this subsection may include any combination of— (A)cash or cash equivalents; (B)other property (either real or personal); and (C)consideration in-kind, including— (i)provision of space, goods, or services of benefit to NOAA including construction, repair, remodeling, or other physical improvements of NOAA property; (ii)maintenance of NOAA property; or (iii)provision of office, storage, or other useable space. (3)

Determination of fair market value

The Secretary shall determine fair market value for purposes of paragraph (1) based upon an appraisal of the property conveyed under subsection (a). (c)

Use of proceeds

Amounts received by the United States as proceeds of any conveyance under this section shall be available to the Secretary without further appropriation, until expended, for— (1)activities related to the operations of, or capital improvements, to NOAA property; or (2)relocation and other costs associated with the sale or exchange.