ENHANCED DEVELOPMENT PROGRAM.

SEC. 164. ENHANCED DEVELOPMENT PROGRAM. (a) In General.—The Secretary shall review the master plan and shoreline management plan for any lake described in section 3134 of the Water Resources Development Act of 2007 (121 Stat. 1142; 130 Stat. 1671) for the purpose of identifying structures or other improvements that are owned by the Secretary and are suitable for enhanced development, if— (1) the master plan and shoreline management plan of the lake have been updated since January 1, 2013; and (2) the applicable district office of the Corps of Engineers has received a written request for such a review from any entity. (b) Definition of Enhanced Development.—In this section, the term “enhanced development” means the use, for non-water-dependent commercial or hospitality industry purposes or for residential or recreational purposes, of an existing structure or other improvement. (c) Divestment Authority.—Not later than 1 year after the date of enactment of this Act, the Secretary shall— (1) submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report that identifies— (A) any structure or other improvement owned by the Secretary that— (i) has been identified as suitable for enhanced development pursuant to subsection (a); (ii) the Secretary determines the divestment of which would not adversely affect the Corps of Engineers operation of the lake at which the structure or other improvement is located; and (iii) a non-Federal interest has offered to purchase from the Secretary; and (B) the fair market value of any structure or other improvement identified under subparagraph (A); and (2) develop a plan to divest any structure or other improvement identified under paragraph (1)(A), at fair market value, to the applicable non-Federal interest.