LIMITATION ON TRANSFER OF PROPERTY TO OTHER AGENCIES.

SEC. 421. LIMITATION ON TRANSFER OF PROPERTY TO OTHER AGENCIES. (a) General Rule.— (1) Paragraph (2) of section 5022(a) is amended to read as follows: “(2) (A) The Administrator may not during any fiscal year transfer to another Federal agency or to a State (or any political subdivision of a State) any interest in real property described in subparagraph (B) of this paragraph unless (i) the transfer (as proposed) was described in the budget for that fiscal year submitted to Congress pursuant to section 1105 of title 31, and (ii) the Veterans’ Administration receives compensation equal to the fair market value of the property. “(B) An interest in real property described in this subparagraph is an interest in real property that is owned by the United States and 102 STAT. 553administered by the Veteran’ Administration and that has an estimated value in excess of $50,000. “(C) Amounts realized from the transfer of any interest in real property described in subparagraph (B) of this paragraph shall be deposited in the nursing home revolving fund established under section 5016 of this title.’. (2) Any proposed transfer of real property described in subparagraph (B) of section 5022(a)(2) of title 38, United States Code, as amended by paragraph (1), that is described in a report submitted to the Committees on Veterans’ Affairs of the Senate and House of Representatives by the Administrator not later than 30 days after the date of the enactment of this Act shall be deemed for purposes of subparagraph (A) of that section to have been described in the President’s budget for fiscal year 1989. (b) Special Rule.— (1) Section 234 of Public Law 99–576 is repealed. (2) The Administrator may not declare as excess to the needs of the Veteran’ Administration, or otherwise take any action to dispose of, the land and improvements at the Veterans’ Administration Medical Center, West Los Angeles, California (consisting of approximately 109 acres), and at the Veterans’ Administration Medical Center, Sepulveda, California (consisting of approximately 46 acres), described in letters dated February 5, 1986 (and enclosed maps), from the Administrator to the Committees on Veterans’ Affairs of the Senate and House of Representatives pursuant to section 5022(a)(2) of title 38, United States Code, as in effect on that date.