STURGIS, KENTUCKY.

SEC. 512. STURGIS, KENTUCKY. (a) Authority To Grant Waivers.— Notwithstanding any other provision of law, the Secretary is authorized, subject to section 47153 of title 49, United States Code, and subsection (b) of this section, to waive with respect to such parcels of land, or portions of such parcels, as the Administrator determines are no longer required for airport purposes, from any term contained in the deed of conveyance dated July 13, 1948, under which the United States conveyed such property to the Union County Air Board, State of Kentucky, for airport purposes of the Sturgis Municipal Airport. (b) Conditions.— Any waiver granted by the Secretary under subsection (a) shall be subject to the following conditions: (1) The Union County Air Board shall agree that, in leasing or conveying any interest in the property with respect to which waivers are granted under subsection (a), such Board will receive an amount that is equal to the fair lease value or the fair market value, as the case may be (as determined pursuant to regulations issued by the Secretary). (2) Such Board shall use any amount so received only for the development, improvement, operation, or maintenance of the Sturgis Municipal Airport. (3) Any other conditions that the Secretary considers necessary to protect or advance the interests of the United States in civil aviation.