CLARIFICATION OF LAND CONVEYANCE AUTHORITY, UNITED STATES SOLDIERS’ AND AIRMEN’S HOME.

SEC. 384. CLARIFICATION OF LAND CONVEYANCE AUTHORITY, UNITED STATES SOLDIERS’ AND AIRMEN’S HOME. (a) Manner of Conveyance.—Subsection (a)(1) of section 1053 of the National Defense Authorization Act for Fiscal Year 1997 (Public Law 104–201; 110 Stat. 2650) is amended by striking “convey by sale” and inserting “convey, by sale or lease.”. (b) Time for Conveyance.—Subsection (a)(2) of such section is amended to read as follows: “(2) The Armed Forces Retirement Home Board shall sell or lease the property described in subsection (a) within 12 months after the date of the enactment of the National Defense Authorization Act for Fiscal Year 2000.”. (c) Manner, Terms, and Conditions of Conveyance.—Subsection (b) of such section is amended— (1) by striking paragraph (1) and inserting the following new paragraph: “(1) The Armed Forces Retirement Home Board shall determine the manner, terms, and conditions for the sale or lease of the real property under subsection (a), except as follows: “(A) Any lease of the real property under subsection (a) shall include an option to purchase. “(B) The conveyance may not involve any form of public/ private partnership, but shall be limited to fee-simple sale or long-term lease. “(C) Before conveying the property by sale or lease to any other person or entity, the Board shall provide the Catholic University of America with the opportunity to match or exceed the highest bona fide offer otherwise received for the purchase or lease of the property, as the case may be, and to acquire the property”; and (2) in paragraph (2), by adding at the end the following new sentence: “In no event shall the sale or lease of the property be for less than the appraised value of the property in its existing condition and on the basis of its highest and best use.”.