CLOSURE OF FOREIGN MILITARY INSTALLATIONS

SEC. 2921. CLOSURE OF FOREIGN MILITARY INSTALLATIONS (a) Sense of Congress.— It is the sense of the Congress that— (1) the termination of military operations by the United States at military installations outside the United States should be accomplished at the discretion of the Secretary of Defense at the earliest opportunity; (2) in providing for such termination, the Secretary of Defense should take steps to ensure that the United States receives, through direct payment or otherwise, consideration equal to the fair market value of the improvements made by the United States at facilities that will be released to host countries; (3) the Secretary of Defense, acting through the military component commands or the sub-unified commands to the combatant commands, should be the lead official in negotiations relating to determining and receiving such consideration; and (4) the determination of the fair market value of such improvements released to host countries in whole or in part by104 STAT. 1820 the United States should be handled on a facility-by-facility basis. (b) Residual Value.— (1) For each installation outside the United States at which military operations were being carried out by the United States on October 1, 1990, the Secretary of Defense shall transmit, by no later than June 1, 1991, an estimate of the fair market value, as of January 1, 1991, of the improvements made by the United States at facilities at each such installation. (2) For purposes of this section: (A) The term “fair market value of the improvements” means the value of improvements determined by the Secretary on the basis of their highest use. (B) The term “improvements” includes new construction of facilities and all additions, improvements, modifications, or renovations made to existing facilities or to real property, without regard to whether they were carried out with appropriated or nonappropriated funds. (c) Establishment of Special Account.— (1) There is established on the books of the Treasury a special account to be known as the “Department of Defense Overseas Military Facility Investment Recovery Account”. Any amounts paid to the United States, pursuant to any treaty, status of forces agreement, or other international agreement to which the United States is a party, for the residual value of real property or improvements to real property used by civilian or military personnel of the Department of Defense shall be deposited into such account. (2) Money deposited in the Department of Defense Overseas Military Facility Investment Recovery Account shall be available to the Secretary of Defense for payment, as provided in appropriation Acts, of costs incurred by the Department of Defense in connection with facility maintenance and repair and environmental restoration at military installations in the United States. Funds in the Account shall remain available until expended.