RELEASE AND CONVEYANCE. RESERVE CENTER AT LITTLE ROCK, ARKANSAS

SEC. 2822. RELEASE AND CONVEYANCE. RESERVE CENTER AT LITTLE ROCK, ARKANSAS (a) In General.— Subject to subsections (b) and (c), the Secretary of the Army shall— (1) release to the University of Arkansas, without consideration, all right, title, and interest of the United States in and to approximately 2.66 acres of land in Palaski County, Arkansas, leased by the United States from the University of Arkansas pursuant to Department of Army lease No. DA-34–066, dated March 31, 1950; and (2) convey to the University of Arkansas, without consideration, all right, title, and interest of the United States in and to all improvements constructed on the land referred to in paragraph (1). (b) Conditions of Release and Conveyance.— The release and conveyance referred to in subsection (a) shall be subject to the condition that— (1) the University of Arkansas accept responsibility for all costs related to removing or abating the hazard posed by asbestos contained in any of the improvements conveyed pursuant to subsection (a)(2); and (2) the University of Arkansas agree to indemnify the United States against any liability for the presence of any asbestos or asbestos-containing material in any of the improvements referred to in subsection (a)(2). (c) Additional Terms and Conditions.— The Secretary may require such additional terms and conditions in connection with the release and conveyance under this section as the Secretary determines appropriate to protect the interests of the United States.