54 U.S.C. § 306121 — Lease or exchange
submitted 12 years ago by Pub. L. 113-287 to r/title-54-NATIONAL-PARK-SERVICE-AND-RELATED-PROGRAMS · 197 words · no verdicts yet
Federal agencies can lease out or trade historic property they don't need, as long as this protects the property and the Council is consulted first. Money from these leases can be kept and used for upkeep of that property or similar historic property. Extra money left over after two years goes back to the Treasury.
(a) Authority To Lease or Exchange. No matter what other laws say, each federal agency*, after consulting the Council*, (1) must, as much as is practical, find and use alternatives — including adapting the property for new uses — for historic property* the agency doesn't need for its current or planned work, and (2) may lease historic property it owns to any person or organization, or trade any property it owns for comparable historic property, if the agency head decides the lease or trade will properly preserve the historic property.
(b) Proceeds of Lease. No matter what other laws say, the agency that signs the lease may keep the lease money and use it to cover administration, maintenance, repair, and related costs for that property or for other National Register* property the agency owns or controls. Any leftover money must be deposited in the Treasury by the end of the second fiscal year after the year it was received.
Notwithstanding any other provision of law, each Federal agency*, after consultation with the Council*—
shall, to the extent practicable, establish and implement alternatives (including adaptive use) for historic property* that is not needed for current or projected agency purposes; and
may lease historic property owned by the agency to any person or organization, or exchange any property owned by the agency with comparable historic property, if the agency head determines that the lease or exchange will adequately ensure the preservation* of the historic property.
Notwithstanding any other provision of law, the proceeds of a lease under subsection (a) may be retained by the agency entering into the lease and used to defray the costs of administration, maintenance, repair, and related expenses incurred by the agency with respect to that property or other property that is on the National Register* that is owned by, or are under the jurisdiction or control of, the agency. Any surplus proceeds from the leases shall be deposited in the Treasury at the end of the 2d fiscal year following the fiscal year in which the proceeds are received.
Source credit: (Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3228.)
- 2014Enacted · Pub. L. 113-287 · 128 Stat. 3228
A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-287 on 2014-12-19.
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