Maverick Act

This Act may be cited as the Maverick Act.

The Secretary of the Navy (in this section referred to as the Secretary) may transfer (by sale, gift, or otherwise, including by loan) to the U.S. Space and Rocket Center Commission in Huntsville, Alabama (in this section referred to as the Commission), all right, title, and interest of the United States in one or more F–14 Tomcat aircraft currently in the custody of the Department of the Navy or the Department of Defense, on such terms and conditions as the Secretary considers appropriate, which may include requirements for demilitarization and indemnification and may restrict further disposition or use.

The Secretary may authorize the Commission to enter into agreements with qualified nonprofit organizations for the purpose of restoring and operating aircraft transferred under subsection (a) for public display, airshows, and commemorative events to preserve naval aviation heritage.

The conveyance of an aircraft under subsection (a) shall be made at no cost to the United States. Any costs associated with such conveyance, costs of determining compliance with terms of the conveyance, and costs of operation and maintenance of the aircraft conveyed shall be borne by the Commission.