Collapse to view only § 306121. Lease or exchange
§ 306121. Lease or exchange
(a)Authority To Lease or Exchange.—Notwithstanding any other provision of law, each Federal agency, after consultation with the Council—
(1) shall, to the extent practicable, establish and implement alternatives (including adaptive use) for historic property that is not needed for current or projected agency purposes; and
(2) may lease historic property owned by the agency to any person or organization, or exchange any property owned by the agency with comparable historic property, if the agency head determines that the lease or exchange will adequately ensure the preservation of the historic property.
(b)Proceeds of Lease.—Notwithstanding any other provision of law, the proceeds of a lease under subsection (a) may be retained by the agency entering into the lease and used to defray the costs of administration, maintenance, repair, and related expenses incurred by the agency with respect to that property or other property that is on the National Register that is owned by, or are under the jurisdiction or control of, the agency. Any surplus proceeds from the leases shall be deposited in the Treasury at the end of the 2d fiscal year following the fiscal year in which the proceeds are received.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3228.)
§ 306122. Contracts for management of historic property
The head of any Federal agency having responsibility for the management of any historic property may, after consultation with the Council, enter into a contract for the management of the property. The contract shall contain terms and conditions that the head of the agency considers necessary or appropriate to protect the interests of the United States and ensure adequate preservation of the historic property.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3228.)