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US S244

US S244
Embry-Riddle Tri-City Land Exchange Completion Act of 2019


summary

Introduced
01/28/2019
In Committee
01/28/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill 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 U.S. Department of the Interior to relinquish its reversionary interest in a 16-acre parcel of land owned by Embry-Riddle Aeronautical University in Yavapai County, Arizona. This will allow the university to obtain unencumbered title to the land for the purpose of economic development. The bill requires the university to pay the appraised value of the federal reversionary interest, which will be deposited into the Federal Land Disposal Account and used in accordance with the Federal Land Transaction Facilitation Act.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Read twice and referred to the Committee on Energy and Natural Resources. (on 01/28/2019)

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