CONVEYANCE OF COAST GUARD LORAN STATION NANTUCKET.

SEC. 417. CONVEYANCE OF COAST GUARD LORAN STATION NANTUCKET. (a) Authority to Convey.— (1) In general.— The Commandant of the United States Coast Guard may convey, by an appropriate means of conveyance, all right, title, and interest of the United States in and to approximately 29.4 acres of land, together with the improvements thereon, at Coast Guard LORAN Station Nantucket, Nantucket, Massachusetts, to the Town of Nantucket, Massachusetts (“the Town”) unless the Commandant, or his delegate, in his sole discretion determines that the conveyance would not provide a public benefit. (2) Identification of property.— 112 STAT. 3438 (A) The Commandant may identify, define, describe, and determine the real property to be conveyed under this section. (B) The Commandant shall determine the exact acreage and legal description of the property to be conveyed under this section by a survey satisfactory to the Commandant. The cost of the survey shall be borne by the Town. (b) Terms of Conveyance.— (1) In general.— The conveyance of real property under this section shall be made— (A) without payment of consideration; and (B) subject to the following terms and conditions: (i) The Town shall not, upon the property conveyed, allow, conduct, or permit any activity, or operate, allow, or permit the operation of, any equipment or machinery, that would interfere or cause interference, in any manner, with any aid to navigation located upon property retained by the United States at Coast Guard LORAN Station Nantucket, without the express written permission from the Commandant. (ii) The Town shall maintain the real property conveyed in a manner consistent with the present and future use of any property retained by the United States at Coast Guard LORAN Station Nantucket as a site for an aid to navigation. (iii) Any other terms and conditions the Commandant considers appropriate to protect the interests of the United States, including the reservation of easements or other rights on behalf of the United States. (2) Reversionary interest.— The conveyance of real property pursuant to this section shall be subject to the condition that all right, title, and interest in such property shall immediately revert to the United States if— (A) the property, or any part thereof, ceases to be owned and used by the Town; (B) the Town fails to maintain the property conveyed in a manner consistent with the terms and conditions in paragraph (1); or (C) at least 30 days before such reversion, the Commandant provides written notice to the Town that the property conveyed is needed for national security purposes.