Bill > HR585

This bill, the Anchorage Land Conveyance Act of 2013, directs the Secretary of the Interior to transfer the United States' "reversionary interests" to the city of Anchorage, Alaska, for specific parcels of land that the city already owns. A reversionary interest is essentially a future right the government holds to reclaim the land under certain conditions. By conveying these interests, the bill aims to "unencumber" the land's title, meaning to remove any potential claims the federal government might have, thereby clearing the way for economic development. The bill specifies the exact parcels of land involved, including areas like the Egan Center and a parking lot, and clarifies that the city of Anchorage will be responsible for all costs associated with this transfer.