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DOD/OS RIN: 0790-AI67 Publication ID: Fall 2010 
Title: ●Revitalizing Base Closure Communities and Addressing Impacts of Realignment; Amendment 
Abstract: Section 2715 of Public Law 111-84 substantially changed the authority of the Department of Defense to convey property to a local redevelopment authority (LRA) for purposes of job generation on a military installation closed or realigned under a base closure law, known as an Economic Development Conveyance (EDC). Under this revised authority, the Department is no longer required to seek to obtain fair market value for an EDC: an EDC may be for consideration at or below the estimated fair market value, including for no consideration. The law also now explicitly recites authority for the Department to be flexible regarding the form of consideration, including the authority to accept consideration in the form of revenue sharing or so- called "back-end" funding. (i.e., "The Secretary may accept, as consideration, a share of the revenues that the redevelopment authority receives from third-party buyers or lessees from sales and long-term leases of the conveyed property, consideration in kind (including goods and services), real property and improvements, or such other consideration as the Secretary considers appropriate.") The revised authority also provides that the determination of the consideration may account for the economic conditions of the local affected community and the estimated costs to redevelop the property. 
Agency: Department of Defense(DOD)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 32 CFR 174   
Legal Authority: 10 USC 113    10 USC 2687 note   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2011    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Robert Uhrich
Department of Defense
Office of the Secretary
Defense Pentagon,
Washington, DC 20301
Phone:703 571-9081