Ill STAT. 1992 PUBLIC LAW 105-85—NOV. 18, 1997 § 2672. Acquisition: interests in land when cost is not more than $500,000". (2) The table of sections at the beginning of chapter 159 of such title is amended by striking out the item relating to section 2672 and inserting in lieu thereof the following new item: "2672. Acquisition: interests in land when cost is not more than $500,000.". SEC. 2812. PERMANENT AUTHORITY REGARDING CONVEYANCE OF UTILITY SYSTEMS. (a) IN GENERAL.— Chapter 159 of title 10, United States Code, is amended by inserting after section 2687 the following new section: "§ 2688. Utility systems: conveyance authority "(a) CONVEYANCE AUTHORITY.—The Secretary of a military department may convey a utility system, or part of a utility system, under the jurisdiction of the Secretary to a municipal, private, regional, district, or cooperative utility company or other entity. The conveyance may consist of all right, title, and interest of the United States in the utility system or such lesser estate as the Secretary considers appropriate to serve the interests of the United States. "(b) SELECTION OF CONVEYEE.—If more than one utility or entity referred to in subsection (a) notifies the Secretary concerned of an interest in a conveyance under such subsection, the Secretary shall carry out the conveyance through the use of competitive procedures. "(c) CONSIDERATION. —(1) The Secretary concerned shall require as consideration for a conveyance under subsection (a) an amount equal to the fair market value (as determined by the Secretary) of the right, title, or interest of the United States conveyed. The consideration may take the form of— "(A) a lump sum payment; or "(B) a reduction in charges for utility services provided by the utility or entity concerned to the military installation at which the utility system is located. "(2) If the utility services proposed to be provided as consideration under paragraph (1) are subject to regulation by a Federal or State agency, any reduction in the rate charged for the utility services shall be subject to establishment or approval by that agency. "(d) TREATMENT OF PAYMENTS.—(1) A lump sum payment received under subsection (c) shall be credited, at the election of the Secretary concerned— "(A) to an appropriation of the military department concerned available for the procurement of the same utility services as are provided by the utility system conveyed under this section; "(B) to an appropriation of the military department available for carrying out energy savings projects or water conservation projects; or "(C) to an appropriation of the military department available for improvements to other utility systems. "(2) Amounts so credited shall be merged with funds in the appropriation to which credited and shall be available for the same purposes, and subject to the same conditions and limitations, as the appropriation with which merged.
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