§ 47-3. — Use of proceeds; administration of leases.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC47-3]
TITLE 16--CONSERVATION
CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
SUBCHAPTER VI--SEQUOIA AND YOSEMITE NATIONAL PARKS
Sec. 47-3. Use of proceeds; administration of leases
(a) Notwithstanding any other provision of law, the proceeds from
any leases issued by the Secretary pursuant to section 47-2 of this
title may be credited to the appropriation bearing the cost of
administering (directly or by contract) the leases and of constructing,
improving, and maintaining roads, utilities, buildings, and other
facilities within the El Portal administrative site. In the
administration of the leases, the Secretary may contract for the
management of the leases and of the leased premises, subject to such
terms and conditions, including the right of the Secretary to purchase
and sell the unexpired terms of leases and subleases, as will protect
the interests of the United States. The Secretary may also contract for
the use by him of any improvements to leased property for purposes of
the El Portal administrative site or for purposes of Yosemite National
Park, and he may use the proceeds from any leases for the purpose of
making payments under any such contract.
(b) The Secretary may at any time acquire the unexpired term of any
lease or sublease issued or entered into pursuant to sections 47-2 to
47-6 of this title by purchase with funds available from the proceeds of
leases, or with donated or appropriated funds, or by donation or
exchange.
(Pub. L. 90-409, Sec. 2, as added Pub. L. 99-542, Sec. 1(4), Oct. 27,
1986, 100 Stat. 3037.)
Prior Provisions
A prior section 2 of Pub. L. 90-409, which was classified to section
47-2(b) of this title, was renumbered section 3 of Pub. L. 90-409 and is
classified to section 47-4 of this title.
Section Referred to in Other Sections
This section is referred to in sections 47-4, 47-6 of this title.
