US HB2406 | 2011-2012 | 112th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on July 6 2011 - 25% progression, died in committee
Action: 2011-07-07 - Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Pending: House Subcommittee on Economic Development, Public Buildings and Emergency Management Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Authorizes the Administrator of General Services (GSA) to offer to enter into a binding agreement with the city of Tracy, California, under which the Administrator may convey to the city any reversionary interest retained by the United States in a specified parcel of land conveyed to the city for educational or recreational purposes and all other terms, conditions, reservations, and restrictions imposed in connection with the conveyance of such parcel. Requires the city to pay to the Administrator not less than the appraised fair market value of the parcel, as determined by the Administrator pursuant to an appraisal, based on the highest and best use of the parcel. Makes such determination regarding the value of such parcel final. Makes the city responsible for reimbursing the Administrator for costs associated with the implementation of this Act, including the costs of each applicable appraisal and survey. Requires the net proceeds from such conveyance to be deposited into the Federal Buildings Fund and made available for expenditure for any lawful purpose consistent with the Administrator's authority.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2011-07-07HouseReferred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
2011-07-06HouseReferred to House Transportation and Infrastructure
2011-07-06HouseReferred to House Oversight and Government Reform
2011-07-06HouseReferred to the Committee on Oversight and Government Reform, and in addition to the Committee on Transportation and Infrastructure, 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.

Same As/Similar To

SB1302 (Same As) 2012-05-15 - Became Public Law No: 112-119.

Subjects


US Congress State Sources


Bill Comments

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