land conveyance, okaloosa county, florida

land conveyance, okaloosa county, florida Sec. 809. (a) Subject to subsection (b), the Secretary of the Air Force (hereinafter in this section referred to as the “Secretary”) is authorized to convey to the Air Force Enlisted Men’s Widows and Dependents Home Foundation, Incorporated (hereinafter in this section referred to as the “Foundation”), of Washington, District of Columbia, all right, title, and interest of the United States in and to the 92 STAT. 588 land described in subsection (c). Such conveyance shall be made subject to such terms and conditions as the Secretary considers appropriate to carry out the provisions of this section. (b)(1) In consideration for such conveyance made by the Secretary under subsection (a), the Foundation shall— (A) convey land to the United States which has a fair market value which is not less than the fair market value of the land authorized to be conveyed in subsection (a); (B) pay the United States an amount of money equal to such fair market value; or (C) convey land and pay an amount of money to the United States which in total equals an amount which is not less than such fair market value. (2) If the land conveyed under subsection (a) is not used as a permanent location for facilities of the Foundation before the end of the ten-year period beginning on the date on which such land is conveyed, title to such land shall revert to the United States. (3) If such reversion occurs, the Secretary shall pay to the Foundation an amount of money equal to 50 per centum of the fair market value of the land reverting to the United States. Such fair market value shall be determined as of the date on which such land was conveyed to the Foundation by the Secretary. (4) No construction shall be started on such land until plans for such construction are approved by the Secretary. (5) Notwithstanding sections 2733 of title 10, United States Code, sections 1346 and 2672 of title 28, United States Code, and section 715 of title 32, United States Code, the United States shall not be liable to the Foundation for any damage to, or diminution in value of, the land conveyed pursuant to this section or improvements thereon, if such damage or diminution of value is caused by any activity of the United States at Eglin Air Force Base. (c) The land referred to in subsection (a) is a portion of Eglin Air Force Base, Florida, composed of two parcels containing a total of seventy-nine acres. (d) The exact acreage and legal description of any land conveyed under this section shall be determined by surveys which are satisfactory to the Secretary.