[United States Statutes at Large, Volume 126, 112th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


Public Law 112-119
112th Congress

An Act


 
To authorize the Administrator of General Services to convey a parcel of
real property in Tracy, California, to the City of Tracy. <>

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. CONVEYANCE OF PARCEL, TRACY, CALIFORNIA.

(a) Definitions.--In this section:
(1) Administrator.--The term ``Administrator'' means the
Administrator of General Services.
(2) City.--The term ``City'' means the city of Tracy,
California.
(3) Parcel.--
(A) In general.--The term ``Parcel'' means the
approximately 150 acres conveyed to the City for
educational or recreational purposes pursuant to section
140 of division C of Public Law 105-277 (112 Stat. 2681-
599; 113 Stat. 104; 118 Stat. 335).
(B) Exclusions.--The term ``Parcel'' does not
include the approximately 50 acres conveyed to the City
for economic development, in which the United States
retains no reversionary interest, pursuant to section
140 of division C of Public Law 105-277 (112 Stat. 2681-
599; 113 Stat. 104; 118 Stat. 335).

(b) Conveyance.--
(1) <>  In general.--Notwithstanding
subsections (c) through (f) of section 140 of division C of
Public Law 105-277 (112 Stat. 2681-599; 113 Stat. 104; 118 Stat.
335) and subject to subsection (c), the Administrator may offer
to enter into a binding agreement with the City, as soon as
practicable, but not later than 180 days after the date of
enactment of this Act, under which the Administrator may convey
to the City, through a deed of release or other appropriate
instrument, any reversionary interest retained by the United
States in the Parcel, and all other terms, conditions,
reservations, and restrictions imposed, in connection with the
conveyance of the Parcel.
(2) Survey.--For purposes of paragraph (1), the exact
acreage and legal description of the Parcel shall be determined
by a survey that is satisfactory to the Administrator.

(c) <>  Consideration.--
(1) <>  In general.--As consideration for
the conveyance under subsection (b), the City shall pay to the
Administrator an amount not less than the appraised fair market
value of the Parcel, as determined by the Administrator pursuant
to an

[[Page 342]]

appraisal conducted by a licensed, independent appraiser, based
on the highest and best use of the Parcel, as determined by the
Administrator.
(2) Treatment.--The determination of the Administrator under
paragraph (1) regarding the fair market value of the Parcel
shall be final.

(d) Cost of Conveyance.--The City shall be responsible for
reimbursing the Administrator for the costs associated with implementing
this section, including the costs of each applicable appraisal and
survey.
(e) Proceeds.--
(1) Deposit.--The net proceeds from the conveyance under
this section shall be deposited in the Federal Buildings Fund
established by section 592(a) of title 40, United States Code.
(2) Expenditure.--The amounts deposited in the Federal
Buildings Fund under paragraph (1) shall be available to the
Administrator, in amounts specified in appropriations Acts, for
expenditure for any lawful purpose consistent with the authority
of the Administrator.

(f) Additional Terms and Conditions.--The Administrator may
establish such additional terms and conditions in connection with the
conveyance under subsection (b) as the Administrator considers to be
appropriate to protect the interests of the United States.
(g) No Effect on Compliance With Environmental Laws.--Nothing in
this Act or any amendment made by this Act affects or limits the
application of or obligation to comply with any environmental law,
including section 120(h) of the Comprehensive Environmental Response,
Compensation, and Liability Act of 1980 (42 U.S.C. 9620(h)).

Approved May 15, 2012.

LEGISLATIVE HISTORY--S. 1302:
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SENATE REPORTS: No. 112-40 (Comm. on Environment and Public Works).
CONGRESSIONAL RECORD:
Vol. 157 (2011):
Aug. 2, considered and passed
Senate.
Vol. 158 (2012):
May 7, considered and passed House.