MODIFICATION OF CONVEYANCE AUTHORITY AT MILITARY INSTALLATIONS.

SEC. 2804. MODIFICATION OF CONVEYANCE AUTHORITY AT MILITARY INSTALLATIONS.(a) Limited Purposes for Which Real Property May Be Conveyed.—Section 2869 of title 10, United States Code, is amended—(1) in subsection (a)—(A) in paragraph (1)—(i) by striking “agrees, in exchange for the real property—” and all that follows through “to carry out a military construction project or land acquisition” and inserting “agrees, in exchange for the real property, to carry out a land acquisition”;(ii) by striking “; or” and inserting a period; and(iii) by striking subparagraph (B); and123 STAT. 2662(B) by striking paragraph (3);(2) in subsection (b), by striking “fair market value of the military construction, military family housing, or military unaccompanied housing” both places it appears and inserting “fair market value of the land”;(3) by striking subsection (c) and inserting the following new subsection:“(c) Limitation on Use of Conveyance Authority at Installations Closed Under Base Closure Laws.—The authority under subsection (a)(2)(A) to convey property located on a military installation may only be used to the extent the conveyance is consistent with an approved redevelopment plan for such installation.”; and(4) in subsection (d)(2)(A), by striking “military construction project, land acquisition, military family housing, or military unaccompanied housing” both places it appears and inserting “land acquisition”.(b) Requirement to Deposit Funds in Foreign Currency Fluctuations, Construction, Defense Account.—Subsection (e) of such section is amended by striking “(1) Except as provided in paragraph (2), the Secretary concerned may deposit funds” and all that follows through “funds deposited under paragraph (2) shall be available” in paragraph (3) and inserting “The Secretary concerned shall deposit funds received under subsection (b) in the appropriation ‘Foreign Currency Fluctuations, Construction, Defense’. The funds deposited shall be available”.(c) Elimination of Annual Report Requirement; Sunset.—Subsection (f) of such section is amended to read as follows:“(f) Sunset.—The authority to enter into an agreement under this section shall expire on September 30, 2013.”.(d) Clerical Amendments.—(1) Section heading.—The heading of such section is amended to read as follows:“§ 2869. Conveyance of property at military installations to limit encroachment” .(2) Table of sections.—The item relating to such section in the table of sections at the beginning of chapter 169 of such title is amended to read as follows: “2869. Conveyance of property at military installations to limit encroachment.”.