2005 Defense Base Closure and Realignment Commission Report: Volume 2 Page: C-14
i, A7, B9, C41, D6, E3, F20, G4, H8, I6, J19, K43, L4, M15, N1, O33, P5, Q97, R14, S3, T8, 59, 7 p. : col.ill.View a full description of this report.
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of such activity is in the national security interest of the United States.
(4)(A) The Secretary may transfer real property and personal property located at a military
installation to be closed or realigned under this part to the redevelopment authority with respect
to the installation for purposes of job generation on the installation.
(B) With respect to military installations for which the date of approval of closure or
realignment is after January 1, 2005, the Secretary shall seek to obtain consideration in connection
with any transfer under this paragraph of property located at the installation in an amount equal to
the fair market value of the property, as determined by the Secretary. The transfer of property of
a military installation under subparagraph (A) may be without consideration if the redevelopment
authority with respect to the installation-
(i) agrees that the proceeds from any sale or lease of the property (or any portion
thereof) received by the redevelopment authority during at least the first seven years after
the date of the initial transfer of property under subparagraph (A) shall be used to support
the economic redevelopment of, or related to, the installation; and
(ii) executes the agreement for transfer of the property and accepts control of the
property within a reasonable time after the date of the property disposal record of decision
or finding of no significant impact under the National Environmental policy act of 1969
(42 U.S.C. 4321 et seq.).
(C) For purposes of subparagraph (B), the use of proceeds from a sale or lease described
in such subparagraph to pay for, or offset the costs of, public investment on or related to the
installation for any of the following purposes shall be considered a use to support the economic
redevelopment of, or related to, the installation:
(i) Road construction.
(ii) Transportation management facilities.
(iii) Storm and sanitary sewer construction.
(iv) Police and fire protection facilities and other public facilities.
(v) Utility construction.
(vi) Building rehabilitation.
(vii) Historic property preservation.
(viii) Pollution prevention equipment or facilities.
(ix) Demolition.
(x) Disposal of hazardous materials generated by demolition.
(xi) Landscaping, grading, and other site or public improvements.
(xii) Planning for or the marketing of the development and reuse of the installation.
(D) The Secretary may recoup from a redevelopment authority such portion of the
proceeds from a sale or lease described in subparagraph (B) as the Secretary determines
appropriate if the redevelopment authority does not use the proceeds to support economic
redevelopment of, or related to, the installation for the period specified in subparagraph (B).
(E)(i) The Secretary may transfer real property at an installation approved for closure or
realignment under this part (including property at an installation approved for realignment which
will be retained by the Department of Defense or another Federal agency after realignment) to the
redevelopment authority for the installation if the redevelopment authority agrees to lease, directly
upon transfer, one or more portions of the property transferred under this subparagraph to the
Secretary or to the head of another department or agency of the Federal Government.C-14
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United States. Defense Base Closure and Realignment Commission. 2005 Defense Base Closure and Realignment Commission Report: Volume 2, report, 2005; Arlington, Virginia. (https://digital.library.unt.edu/ark:/67531/metadc141808/m1/31/: accessed April 19, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.