Examples of Federal real property in a sentence
This part applies to Federal real property which has been designated by Federal landholding agencies as unuti- lized, underutilized, excess or surplus and is therefore subject to the provi- sions of title V of the McKinney Act (42 U.S.C. 11411).
If Entity B is awarded the surplus Fed- eral real property, it would be required to pay 60% of the fair market value of the surplus Federal real property in cash at the time of the transfer.
If En- tity A is awarded the surplus Federal real property, it would not be required to pay any cash for the surplus Federal real property, since the total PBA ex- ceeds 100%.
Entity B proposes to use the sur- plus Federal real property for nature walks.
Entity C is an accredited univer- sity, has an ROTC unit, and proposes to use the surplus Federal real property for a school health clinic and for spe- cial education of the physically handi- capped.
The Secretary transfers or leases surplus Federal real property using transfer or lease instruments that the Secretary prescribes.
If Entity C is awarded the surplus Federal real prop- erty, it would not be required to pay any cash for the surplus Federal real property, since the total PBA is 100%.
It is pro- posing to use the surplus Federal real property to add a new physical edu- cation program.
The transferee or lessee shall file with the Secretary reports on its main- tenance and use of the surplus Federal real property and any other reports re- quired by the Secretary in accordance with the transfer or lease instrument.
The transferee or lessee may not sell, lease or sublease, rent, mortgage, encumber, or otherwise dispose of all or a portion of the surplus Federal real property or any interest therein with- out the prior written consent of the Secretary.