§460f Notice and Method of Sale; Price; Conveyance

Summary

The Army Secretary must announce when lands are for sale for cottage-site use. The announcement must follow rules the Secretary creates and include local publication. People who lease cottage sites must get written notice within 90 days after those rules appear in the Federal Register, and that notice must state the land’s appraised fair market value. Sales can be by public auction, sealed bids, or by negotiation after competitive bidding, or any method the Secretary finds in the public interest. The price cannot be less than the appraised fair market value. The Secretary can transfer the United States’ interest by quitclaim deed, but the land must be used only for cottage sites; if it is used for something else, ownership goes back to the United States. The Secretary may add other conditions needed for reservoir management or to protect cottage-site users.