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US HR756

US HR756
Embry-Riddle Tri-City Land Exchange Completion Act of 2019


summary

Introduced
01/24/2019
In Committee
02/11/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To provide for the unencumbering of title to non-Federal land owned by Embry-Riddle Aeronautical University, Florida, for purposes of economic development by conveyance of the Federal reversionary interest to the University. This bill requires the Department of Interior to relinquish its reversionary interest in a 16-acre parcel of land that is located in Yavapai County, Arizona, and owned by the Embry-Riddle Aeronautical University.

AI Summary

This bill, the Embry-Riddle Tri-City Land Exchange Completion Act of 2019, requires the Department of Interior to relinquish its reversionary interest in a 16-acre parcel of land owned by Embry-Riddle Aeronautical University in Yavapai County, Arizona. This would unencumber the title to this non-federal land, allowing the university to use the land for economic development purposes. The bill outlines the process for the Secretary of Interior to conduct an appraisal of the reversionary interest and convey it to the university for an amount equal to the appraised value, which would then be deposited in the Federal Land Disposal Account for use in accordance with the Federal Land Transaction Facilitation Act.

Committee Categories

Agriculture and Natural Resources

Sponsors (11)

Last Action

Referred to the Subcommittee on National Parks, Forests, and Public Lands. (on 02/11/2019)

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