A bill to authorize the conveyance by the Secretary of the Army of certain property located in Paris, Texas, and for other purposes.

The Secretary of the Army may convey to Paris Junior College, located in Paris, Texas (in this section referred to as the College), all right, title, and interest of the United States in and to a parcel of real property, including any improvements thereon, consisting of approximately 4 acres, known as the former Boyle Memorial Army Reserve Center, located in Paris, Texas.

As consideration for the conveyance under subsection (a), the College shall pay to the Secretary of the Army an amount equal to not less than the fair market value of the property to be conveyed, as determined by the Secretary, which may consist of cash payment, in-kind consideration as described in paragraph (2), or a combination thereof.

In-kind consideration provided by the College under paragraph (1) may include—

(A) the acquisition, construction, provision, improvement, maintenance, repair, or restoration (including environmental restoration), or a combination thereof, of any property, facilities, or infrastructure; or

(B) the delivery of services relating to the needs of the Department of the Army that the Secretary considers acceptable.

Cash payments received under paragraph (1) as consideration for the conveyance under subsection (a) shall be deposited in the special account in the Treasury established under section 572(b)(5) of title 40, United States Code.

The Secretary of the Army shall require the College to cover costs to be incurred by the Secretary, or to reimburse the Secretary for costs incurred by the Secretary, to carry out the conveyance under subsection (a), including survey costs, costs for environmental documentation related to the conveyance, and any other administrative costs related to the conveyance.

If amounts are collected from the College in advance of the Secretary incurring the actual costs, and the amount collected exceeds the costs actually incurred by the Secretary to carry out the conveyance under subsection (a), the Secretary shall refund the excess amount to the College.

Amounts received as reimbursement under paragraph (1)(A) shall be credited to the fund or account that was used to cover the costs incurred by the Secretary in carrying out the conveyance under subsection (a) or, if the period of availability of obligations for that appropriation has expired, to the appropriations of a fund that is currently available to the Secretary for the same purpose.

Amounts credited to a fund or account under subparagraph (A) shall be merged with amounts in such fund or account and shall be available for the same purposes, and subject to the same conditions and limitations, as amounts in such fund or account.

The exact acreage and legal description of the parcel of real property to be conveyed under subsection (a) shall be determined by surveys satisfactory to the Secretary of the Army.

The Secretary of the Army may require such additional terms and conditions in connection with the conveyance under subsection (a) as the Secretary considers appropriate to protect the interests of the United States.