To authorize the Administrator of General Services and the Secretary of the Interior to convey certain Federal property to the District of Columbia to increase the District's taxable property base as compensation for a structural fiscal imbalance caused by Federal mandates.
Fair Land Transfer Compensation Act - Requires the Administrator of General Services and the Secretary of the Interior to convey to the District of Columbia, without consideration, all right, title, and interest of the United States in and to U.S. Reservation 13 and Poplar Point, Anacostia Park, respectively.
Requires the Administrator and the Secretary each to: (1) conduct an appraisal of the property (including improvements if appropriate), based on fair market value; and (2) report to Congress on the results, including an estimate of all financial benefits to be generated on an annual basis to the District, and an assessment of the impact the conveyance will have in reducing the structural financial imbalance of the District.
Exempts the United States from any liability or responsibility pursuant to such transfer for any additional remedial action: (1) with respect to hazardous substances not existing on the property as of the date of conveyance, unless the presence of such hazardous substances on the property was caused by the United States; or (2) caused, required, or arising out of actions of the District of Columbia or any of the District's agents, contractors, or assigns.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1082)
Referred to the Committee on Government Reform, and in addition to the Committee on Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Government Reform, and in addition to the Committee on Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Government Reform, and in addition to the Committee on Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on National Parks.
Executive Comment Requested from Interior.
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