Historic light station sales
If no applicant is approved for the conveyance of a historic light station pursuant to sections 305101 through 305105 of this title, the historic light station shall be offered for sale.
When sale may occur.—
Terms of sale
Terms of the sales—
shall be developed by the Administrator; and
shall be consistent with the requirements of paragraphs (1) to (4) and (8) of subsection (a), and subsection (b), of section 305104 of this title.
Conveyance documents shall include all necessary covenants to protect the historical integrity of the historic light station and ensure that any Federal aid to navigation located at the historic light station is operated and maintained by the United States for as long as needed for that purpose.
Covenants to be included in conveyance documents.—
Net Sale Proceeds.—
Disposition and use of funds.—
Net sale proceeds from the disposal of a historic light station—
located on public domain land shall be transferred to the National Maritime Heritage Grants Program established under chapter 3087 in the Department of the Interior; and
under the administrative control of the Secretary of Homeland Security—
shall be credited to the Coast Guard’s Operating Expenses appropriation account; and
shall be available for obligation and expenditure for the maintenance of light stations remaining under the administrative control of the Secretary of Homeland Security.
The funds referred to in paragraph (1)(B) shall remain available until expended and shall be available in addition to funds available in the Coast Guard’s Operating Expense appropriation for that purpose.
Availability of funds.—
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3220.)