Pub. L. 101-640, tit. II, sec. 204

RELEASE OF REVERSIONARY INTEREST TO CLAY COUNTY, GEORGIA.

EnactedYear: 1990Length: 338 wordsOfficial source
SEC. 204. RELEASE OF REVERSIONARY INTEREST TO CLAY COUNTY, GEORGIA. (a) In General.—Subject to the condition stated in subsection (b) and notwithstanding the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 471 et seq.) and section 108 of the River and Harbor Act of 1960 (33 U.S.C. 578), the Secretary shall release to Clay County, Georgia, without reimbursement, the reversionary interest of the United States in approximately 50 acres of land in the deed described in subsection (c). (b) Condition.— (1) Replacement reversionary interest.—The condition referred to in subsection (a) is that Clay County, Georgia, agree to an amendment of the deed described in subsection (c) by which 104 STAT. 4633the reversionary interest that is released pursuant to subsection (a) is replaced with a reversionary interest as described in paragraph (2). (2) Description.—The deed described in subsection (c) shall be amended to provide that the property conveyed by the deed is subject to the condition and restriction that it is to be used and enjoyed solely for the development of a retirement community, as that term may be defined by the parties in the instrument described in subsection (d), operated on a nonprofit basis by Clay County, Georgia, and its successors and assigns, or under a lease arrangement between the county and the South Georgia Methodist Home for the Aging, Inc., and that if the property is used for any other purpose, title to the property, including any improvements, shall revert to the United States. (c) Description of Deed.—The deed referred to in subsections (a) and (b) is the quitclaim deed dated October 22, 1963, by which the United States conveyed to Clay County, Georgia, the parcel of land lying in land lots 263 and 264, Seventh Land District, Clay County, Georgia. (d) Instrument of Release.—The Secretary and Clay County, Georgia, shall execute and file in the appropriate office an amendment of deed, amended deed, deed of release, or other appropriate form of instrument or instruments effecting the substitution of reversionary interest authorized by this section.