LAND CONVEYANCE, PINE BLUFF ARSENAL, ARKANSAS.

SEC. 2827. LAND CONVEYANCE, PINE BLUFF ARSENAL, ARKANSAS. (a) Conveyance Authorized.— The Secretary of the Army may convey, without consideration, to the Economic Development Alliance of Jefferson County, Arkansas (in this section referred to as the “Alliance”), all right, title, and interest of the United States in and to a parcel of real property, together with any improvements thereon, consisting of approximately 1,500 acres and comprising a portion of the Pine Bluff Arsenal, Arkansas. (b) Requirements Relating to Conveyance.— The Secretary may not carry out the conveyance of property authorized under subsection (a) until— (1) the completion by the Secretary of any environmental restoration and remediation that is required with respect to the property under applicable law; (2) the Secretary secures all permits required under law applicable regarding the conduct of the proposed chemical demilitarization mission at the arsenal; and (3) the Secretary of Defense submits to the Committee on Armed Services of the Senate and the Committee on National Security of the House of Representatives a certification that the conveyance will not adversely affect the ability of the Department of Defense to conduct that chemical demilitarization mission. (c) Conditions of Conveyance.— The conveyance authorized under subsection (a) shall be subject to the following conditions: (1) That the Alliance agree not to carry out any activities on the property to be conveyed that interfere with the construction, operation, and decommissioning of the chemical demilitarization facility to be constructed at Pine Bluff Arsenal. If the Alliance fails to comply with its agreement in paragraph (1) the property conveyed under this section, all rights, title, and interest in and to the property shall revert to the United States, and the United States shall have immediate rights of entry thereon. (2) That the property be used during the 25-year period beginning on the date of the conveyance only as the site of the facility known as the “Bioplex”, and for activities related thereto. (d) Costs of Conveyance.— The Alliance shall be responsible for any costs of the Army associated with the conveyance of property 110 STAT. 2795under this section, including administrative costs, the costs of an environmental baseline survey with respect to the property, and the cost of any protection services required by the Secretary in order to secure operations of the chemical demilitarization facility from activities on the property after the conveyance. (e) Reversionary Interests.— If the Secretary determines at any time during the 25-year period referred to in subsection (c)(2) that the property conveyed under this section is not being used in accordance with that subsection, all right, title, and interest in and to the property shall revert to the United States, and the United States shall have immediate right of entry thereon. (f) Sale of Property by Alliance.— If at any time during the 25-year period referred to in subsection (c)(2) the Alliance sells all or a portion of the property conveyed under this section, the Alliance snail pay the United States an amount equal to the lesser of— (1) the amount of the sale of the property sold; or (2) the fair market value of the property sold at the time of the sale, excluding the value of any improvements to the property sold that have been made by the Alliance. (g) Description of Property.— The exact acreage and legal description of the property conveyed under this section shall be determined by a survey satisfactory to the Secretary. The cost of the survey shall be borne by the Alliance. (h) Additional Terms and Conditions.— The Secretary may require such additional terms and conditions in connection with conveyance under this section as the Secretary considers appropriate to protect the interests of the United States.