United States. Congress

“ Bonding Levels- The Secretary concerned shall ensure that the project owner, developer, or general contractor responsible for a military housing privatization initiative project has sufficient payment and performance bonds or suitable instruments in place for each phase of a construction or renovation portion of the project to ensure successful completion of the work in amounts as agreed to in the project's legal documents, but in no case less than 50 percent of the total value of the active phases of the project, prior to the commencement of work for that phase. ”

“ Lease Authority- Whenever the Secretary concerned considers it advantageous to the United States, the Secretary concerned may lease to such lessee and upon such terms as the Secretary concerned considers will promote the national defense or to be in the public interest, real or personal property that-- ` (1) is under the control of the Secretary concerned; ` (2) is not for the time needed for public use; and ` (3) is not excess property, as defined by section 102 of title 40.'. ”

“ INVESTMENT- Amounts in the escrow account not required to meet current requirements of the account shall be invested in public debt securities with maturities suitable to the needs of the account, as determined by the Director, and bearing interest at rates that take into consideration current market yields on outstanding marketable obligations of the United States of comparable securities. The income on such investments shall be credited to and form a part of the account. ”

“ The installation asset manager, and, as applicable, the resident construction manager, privatization asset manager, bondholder representative, project owner, developer, general contractor, and construction consultant for the project shall conduct meetings to ensure that the construction or renovation of the units meets performance and schedule requirements and that appropriate operating and ground lease agreements are in place and adhered to. ”

“ If it is determined that an action of the Department of Defense will cause a significant transportation impact to access to a military reservation, the Secretary of Defense shall conduct a transportation needs assessment to assess the magnitude of the improvement required to address the impact.'. ”

“ Construction of Utility Infrastructure After Conveyance of a Utility System- (1) Upon conveyance of a utility system, the Secretary of a military department may convey additional utility infrastructure under the jurisdiction of the Secretary on a military installation to a utility or entity to which a utility system for the installation has been conveyed under subsection (a) if the Secretary determines that-- ` (A) the additional utility infrastructure was constructed or installed after the date of the conveyance of the utility system ”

“ In making that determination, the Secretary shall consider-- (1) the perimeter security requirements to protect the assets, people, and agency missions located at Fort Belvoir; (2) the appropriate setback from adjacent roadways to provide for a safe and enjoyable experience for users of the trail; and (3) any planned future expansion of roadways, including United States Route 1, so that the trail will not be adversely impacted by roadway construction. ”

“ Description of Property- The exact acreage and legal description of the real property authorized to be conveyed under subsection (a) shall be determined by a survey satisfactory to the Secretary and the State. ”