SALE OF GLOMAR EXPLORER TO THE LESSEE.

SEC. 1012. SALE OF GLOMAR EXPLORER TO THE LESSEE. (a) Authority.—The Secretary of the Navy may convey by sale all right, title, and interest of the United States in and to the vessel GLOMAR EXPLORER (AG 193) to the person who, on the date of the enactment of this Act, is the lessee of the vessel. (b) Consideration.—The price for which the vessel is sold under subsection (a) shall be a fair and reasonable amount determined by the Secretary of the Navy. (c) Additional Terms.—The Secretary may require such additional terms in connection with the conveyance authorized by this section as the Secretary considers appropriate. (d) Proceeds of Sale.—Amounts received by the Secretary from the sale under this section may, to the extent provided in an appropriations Act, be credited to the appropriation available for providing salvage facilities under section 7361 of title 10, United States Code, and are authorized to remain available until expended for that purpose.