Lease Lot Conveyance Act of 2002
Latest Action
Became Public Law No: 107-335.
Official Summary
Lease Lot Conveyance Act of 2001 - Directs the Secretary of the Interior to convey to the Elephant Butte/Caballo Leaseholders Association, Inc., real property comprising 403 cabin sites under the administrative jurisdiction of the Bureau of Reclamation that are located along the western portion of the reservoirs in Elephant Butte State Park and Caballo State Park, New Mexico.Requires the Association to grant leaseholders of such properties the option of purchasing or continuing to lease their properties.Requires the Secretary to establish specified use restrictions with respect to each property.Requires conveyance proceeds to be deposited in the reclamation fund on behalf of the Rio Grande Project.
GovScope Watchdog™
AI Government Intelligence™The Lease Lot Conveyance Act of 2002 directs the Secretary of the Interior to transfer ownership of 403 cabin sites located in Elephant Butte State Park and Caballo State Park, New Mexico, to the Elephant Butte/Caballo Leaseholders Association, Inc. The Association must offer leaseholders the option to purchase or continue leasing their properties. The bill also requires the Secretary to impose use restrictions on the properties and mandates that proceeds from the conveyance be deposited into the reclamation fund for the Rio Grande Project.
This bill facilitates the transfer of specific leased cabin sites to a leaseholders' association with options for individual purchase or continued leasing, impacting property management in New Mexico state parks.
- Conveys 403 cabin site properties under Bureau of Reclamation jurisdiction to the Elephant Butte/Caballo Leaseholders Association, Inc.
- Requires the Association to offer leaseholders the choice to purchase or continue leasing their properties.
- Mandates use restrictions on the properties and directs proceeds to the reclamation fund for the Rio Grande Project.
The primary beneficiaries include the leaseholders of the cabin sites who gain purchase options, the Elephant Butte/Caballo Leaseholders Association, and the Bureau of Reclamation through the reclamation fund. Local stakeholders in New Mexico state parks may also be affected.
Potential concerns include the implementation of use restrictions and how they may affect property use, the financial impact on leaseholders deciding to purchase or continue leasing, and the administrative process for managing the conveyance and fund deposits. The full bill text is not available, limiting detailed analysis.
The bill was introduced in the House during the 107th Congress, falls under the Public Lands and Natural Resources policy area, and has been enacted into law as Public Law No: 107-335. This indicates successful passage and executive approval.
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The conveyance and sale options may affect local property markets and management of state park lands. Use restrictions could influence environmental or recreational aspects of the properties. Depositing proceeds into the reclamation fund may impact funding availability for the Rio Grande Project.
The full bill text is not available, limiting detailed review of specific provisions and restrictions. Citizens may want to review how use restrictions are defined and enforced, as well as the financial implications for leaseholders choosing to purchase or continue leasing. Monitoring the administration of proceeds to the reclamation fund could provide insight into fiscal impacts.
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