Land Conveyance, Nahant, Massachusetts.

Sec. 413. Land Conveyance, Nahant, Massachusetts. (a) Conveyance Authorized.—Notwithstanding any other provision of law, the Administrator of General Services may sell all right, title, and interest of the United States in and to a parcel of real property, including improvements thereon, that is located at Castle Road, Gardner Road and Goddard Drive in Nahant, Massachusetts to the Town of Nahant. In the event a binding sales contract is not executed within 30 days of enactment the Administrator shall commence with a public, competitive sale of the property.(b) Consideration.—As consideration for conveyance under subsection (a), the Town of Nahant shall pay, in a single lump sum payment, $2,000,000.(c) Deposit of Funds.—Notwithstanding any other provision of law, the Administrator may deposit the net proceeds in the Real Property Relocation account of the General Services Administration. In the event proceeds exceed $2,000,000, the net amount in excess of $2,000,000 shall be deposited in the United States Coast Guard Housing Fund established under 14 U.S.C. 687.(d) Description of Property.—The exact acreage and legal description of the real property to be conveyed under subsection 118 STAT. 3260 (a) shall be determined by a survey satisfactory to the Administrator. The cost of the survey shall be borne by the purchaser.(e) Additional Terms and Conditions.—The Administrator may require such additional terms and conditions in connection with the conveyance under subsection (a) as the Administrator considers appropriate to protect the interests of the United States.