Table Rock Lake Property Flexibility Act

Upon the request of an owner of covered property, the Secretary shall—

(1) convey to such owner all right, title, and interest of the United States in and to covered land; or

(2) enter into a lease agreement with such owner for covered land.

Any owner to which a conveyance is made under this section or who enters into a lease agreement under this section shall pay to the Secretary an amount that is not more than 150 percent of the fair market value of the covered land.

The Secretary may not require, as a condition of conveying covered land under this section, an owner to remove any structures existing on such land.

With respect to any covered land that is subject to a lease entered into under this section, the Secretary may not—

(1) require the removal of any structures existing on such land before the date on which the lease is entered into; or

(2) prohibit or limit the installation of any structures on such land after such date.

Any amounts generated from a lease agreement entered into under this section shall be used by the Secretary for infrastructure for recreational activities related to the Lake and maintenance of such infrastructure.

An owner to which a conveyance is made under this section shall hold the United States harmless from any liability with respect to activities carried out, on or after the date of the conveyance, on the land conveyed. The United States shall remain responsible for any liability with respect to activities carried out, before such date, on the land conveyed.

The United States shall not be liable or responsible for damage to any structure that is installed on covered land that is subject to a lease entered into under this section.

The term covered land means the portion of fee land that is within a 100-foot radius of any covered property and that is directly linear to such covered property.

The term covered land does not include land that is located within the flood plain of the Lake.

The term covered property means any property located directly adjacent to fee land.

The term fee land means the land acquired in fee title by the United States for the Lake.

The term Lake means the Table Rock Lake project of the Corps of Engineers, located in Missouri and Arkansas, authorized as one of the multiple-purpose reservoir projects in the White River Basin by section 4 of the Act of June 28, 1938 (52 Stat. 1218).

The term Secretary means the Secretary of the Army, acting through the Chief of Engineers.