Public Law 92–362

That section 203 of

Historic monuments.

Preservation.

63 Stat. 385; 84 Stat. 1084.

the Federal Property and Administrative Services Act of 1949, as amended (40 U.S.C. 484), is further amended by redesignating section 203 (k)(3) as section 203 (k)(4) and by adding a new section 203 (k)(3) as follows:

“(k)“(k)

(3)(3)

Without monetary consideration to the United States, the

Surplus property, conveyance to States.

Administrator may convey to any State, political subdivision, instrumentalities thereof, or municipality, all of the right, title, mid interest of the United States in and to any surplus real and related personal property which the Secretary of the Interior has determined is suitable and desirable for use as a historic monument, for the benefit of the public. No property shall be determined to be suitable or desirable for use as a historic monument except in conformity with the recommendation of the Advisory Board on National Parks, Historic Sites, Buildings and Monuments established by section 3 of the Act entitled ‘An Act for the preservation of historic American sites, buildings, objects, and antiquities of national significance, and

16 USC 463.

for other purposes’, approved August 21, 1935 (49 Stat. 666), and only so much of any such property shall be so determined to be suitable or desirable for such use as is necessary for the preservation and proper observation of its historic features.

“(A)“(A)

The Administrator may authorize use of any property conveyed under this subsection or the Surplus Property Act of 1944, as amended, for revenue-producing activities if the Secretary of the Interior (i) determines that such activities are compatible with use of the property for historic monument purposes, (ii) approves the grantee’s plan for repair, rehabilitation, restoration, and maintenance of the property, and (iii) approves the grantee’s plan for financing repair, rehabilitation, restoration, and maintenance of the property. The Secretary shall not approve a financial plan unless it provides that incomes in excess of costs of repair, rehabilitation, restoration, and maintenance shall be used by the grantee only for public historic preservation, park, or recreational purposes. The Administrator may not authorize any uses under this subsection until the Secretary has examined and approved the accounting and financial procedures used

Audit.

by the grantee. The Secretary may periodically audit the records of the grantee, directly related to the property conveyed.

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“(B)“(B)

The deed of conveyance of any surplus real property disposed of under the provisions of this subsection—

“(i)“(i)

shall provide that all such property shall be used and maintained for historic monument purposes in perpetuity, and that in the event that the property ceases to be used or maintained for that purpose, all or any portion of the property shall, in its then existing condition, at the option of the United States, revert to the United States; and

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“(ii)“(ii)

may contain such additional terms, reservations, restrictions, and conditions as may be determined by the Administrator to be necessary to safeguard the interests of the United States.

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“(C)“(C)

‘States’ as used in this subsection, includes the District of Columbia, the Commonwealth of Puerto Rico, and the territories and possessions of the United States.”

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Sec. 2.

Section 13(h) of the Surplus Property Act of 1944 (50 U.S.C. App. 1622(h)) is repealed.