(1) IN GENERAL- If the Secretary determines that the long-term benefit to the Park would be greater by entering into a lease with the owner of the retained use estate than by authorizing a concession contract upon the termination of the retained use estate( 3 ) On page 3, line 19, strike ‘with’ and insert: without
( 4 ) On page 4, line 5, strike ‘and’ and insert:
, the Secretary may enter into a lease with the owner of the retained use estate for the operation and management of the resort.
(2) ACQUISITIONS- The Secretary may--
(A) acquire associated property from the owner of the retained use estate; and
(B) on the acquisition of property under subparagraph (A), administer the property as part of the Park.
(3) AUTHORITY- Except as otherwise provided by this section, a lease shall be in accordance with subsection (k) of section 3 of Public Law 91-383 (16 U.S.C. 1a-2(k)), notwithstanding paragraph (2) of that subsection.
(4) TERMS AND CONDITIONS- A lease authorized under this section shall--
(A) be for the minimum number of years practicable, taking into consideration the need for the lessee to secure financing for necessary capital improvements to the resort, but in no event shall the term of the lease exceed 40 years;
(B) prohibit any transfer, assignment, or sale of the lease or otherwise convey or pledge any interest in the lease without prior written notification to, and approval by the Secretary;
(C) ensure that the general character of the resort property remains unchanged, including a prohibition against--
(i) any increase in the overall size of the resort; or
(ii) any increase in the number of guest accommodations available at the resort;
(D) prohibit the sale of partial ownership shares or timeshares in the resort;
(E) include provisions to ensure the protection of the natural, cultural, and historic features of the resort and associated property, consistent with the laws and policies applicable to property managed by the National Park Service; and
( 5 ) On page 4, line 6, strike ‘(E)’ and insert: (F)( 6 ) On page 5, line 3 strike ‘effective date’ insert: award
( 7 ) On page 5, line 24 strike ‘that’ and insert: who
Attest:
Secretary.
111th CONGRESS
2d Session
HF) include any other provisions determined by the Secretary to be necessary to protect the Park and the public interest.
(A) the value of any associated property conveyed to the United States; and
(B) the value, if any, of the relinquished term of the retained use estate.
(6) USE OF PROCEEDS- Rental amounts paid to the United States under a lease shall be available to the Secretary, without further appropriation, for visitor services and resource protection within the Park.
(7) CONGRESSIONAL NOTIFICATION- The Secretary shall submit a proposed lease under this section to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives at least 60 days before the award of the lease.
(8) RENEWAL- A lease entered into under this section may not be extended or renewed.