CONVEYANCE, NAVY DRYDOCK, PORTLAND, OREGON.

SEC. 1027. CONVEYANCE, NAVY DRYDOCK, PORTLAND, OREGON. (a) Conveyance Authorized.—The Secretary of the Navy may sell Navy Drydock No. YFD-69, located in Portland, Oregon, to Portland Shipyard, LLC, which is the current user of the drydock. (b) Condition of Conveyance.—The conveyance under sub-section (a) shall be subject to the condition that the purchaser agree to retain the drydock on Swan Island in Portland, Oregon, until at least September 30, 2007. (c) Consideration.—As consideration for the conveyance of the drydock under subsection (a), the purchaser shall pay to the 116 STAT. 2643Secretary an amount equal to the fair market value of the drydock at the time of the conveyance, as determined by the Secretary. (d) Additional Terms and Conditions.—The Secretary may require such additional terms and conditions in connection with the conveyance under subsection (a) as the Secretary considers appropriate to protect the interests of the United States.