16 U.S.C. § 470h-3 : US Code - Section 470H-3: Lease or exchange of historic property

Search 16 U.S.C. § 470h-3 : US Code - Section 470H-3: Lease or exchange of historic property

(a) Authorization; consultation with Council
Notwithstanding any other provision of law, any Federal agency
after consultation with the Council, shall, to the extent
practicable, establish and implement alternatives for historic
properties, including adaptive use, that are not needed for current
or projected agency purposes, and may lease an 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 insure the preservation of the historic property.
(b) Proceeds of lease for administration, etc., of property;
deposit of surplus proceeds into Treasury
The proceeds of any lease under subsection (a) of this section
may, notwithstanding any other provision of law, be retained by the
agency entering into such lease and used to defray the costs of
administration, maintenance, repair, and related expenses incurred
by the agency with respect to such property or other properties
which are on the National Register which are owned by, or are under
the jurisdiction or control of, such agency. Any surplus proceeds
from such leases shall be deposited into the Treasury of the United
States at the end of the second fiscal year following the fiscal
year in which such proceeds were received.
(c) 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 Advisory Council on Historic Preservation, enter into contracts
for the management of such property. Any such contract shall
contain such terms and conditions as the head of such agency deems
necessary or appropriate to protect the interests of the United
States and insure adequate preservation of the historic property.