LAND CONVEYANCE, FORT JACKSON, SOUTH CAROLINA

SEC. 2829. LAND CONVEYANCE, FORT JACKSON, SOUTH CAROLINA (a) Authority To Sell.—Subject to subsections (b) through (e), the Secretary of the Army may sell and convey all right, title, and interest of the United States in and to a parcel of land, consisting of a total of approximately 32 acres, that comprises a portion of Fort Jackson, South Carolina, and is excess to the needs of the Army. (b) Competitive Bid Requirement; Minimum Sale Price.—(1) The Secretary shall use competitive procedures for the sale of land referred to in subsection (a). (2) In no event may any of the land referred to in subsection (a) be sold for less than the fair market value of the land, as determined by the Secretary. (c) Use of Proceeds of Sale.—(1) The Secretary may use the proceeds from the sale of the land referred to in subsection (a) for the rehabilitation of military family housing at Fort Jackson, South Carolina. (2) Any proceeds of the sale not used for such purpose shall be covered into the Treasury as miscellaneous receipts. (d) Legal Description of Lands.—The exact acreage and legal description of the property to be conveyed under subsection (a) shall be determined by a survey that is satisfactory to the Secretary. (e) Additional Terms and Conditions.—The Secretary may require such additional terms and conditions in connection with any transaction authorized by this section as the Secretary considers appropriate to protect the interests of the United States.