,i #aacth ,,congress #ast ,session ,h4 ,r4 #ged ,,in ,,the ,,house ,,of ,,representatives ,february #ae1 #bjac ,mr4 ,young of ,alaska introduced the following bill2 which was referred to the ,committee on ,agriculture ,a ,,bill ,to resolve title issues involving real property and equipment acquired using funds provided under the ,alaska ,kiln ,drying ,grant ,program4 #a4 ,resolution of real property and equipment title issues under ,alaska kiln drying grant program 7a7 ,in general ,notwithstanding part #cjai of title #g1 ,code of ,federal ,regulations 7the ,uniform ,federal ,assistance ,regulations of the ,department of ,agriculture71 title to real property and equipment acquired using funds provided by a grant under the ,alaska ,kiln ,drying ,grant ,program1 as described under the heading ,state and ,private ,forestry in ,house ,reports #ajf-iad and #ajg-bcd1 shall vest in the grant recipient in accordance with the compensation schedule specified in subsection 7b7 or as provided in subsection 7c74 7b7 ,compensation schedule 7#a7 ,period of application ,the compensation requirements of this subsection apply to a grant provided under the ,alaska ,kiln ,drying ,grant ,program during the four-year period beginning on the date on which the grant was closed4 7#b7 ,compensation schedule ,if real property or equipment acquired using funds provided by a grant under the ,alaska ,kiln ,drying ,grant ,program is no longer to be used for the purposes for which the grant was made1 the grant recipient may sell1 or may retain title to1 the real property or equipment upon payment to the ,secretary of ,agriculture of compensation as follows3 7,a7 ,during the first year of the four-year period1 the grant recipient shall pay an amount equal to #hj percent of the proceeds of the sale1 if the real property or equipment is sold1 or #hj percent of the market value of the real property or equipment1 if title is to be retained by the grant recipient4 7,b7 ,during the second year of the four-year period1 the grant recipient shall pay an amount equal to #fj percent of the proceeds of the sale1 if the real property or equipment is sold1 or #fj percent of the market value of the real property or equipment1 if title is to be retained by the grant recipient4 7,c7 ,during the third year of the four-year period1 the grant recipient shall pay an amount equal to #dj percent of the proceeds of the sale1 if the real property or equipment is sold1 or #dj percent of the market value of the real property or equipment1 if title is to be retained by the grant recipient4 7,d7 ,during the final year of the four-year period1 the grant recipient shall pay an amount equal to #bj percent of the proceeds of the sale1 if the real property or equipment is sold1 or #bj percent of the market value of the real property or equipment1 if title is to be retained by the grant recipient4 7c7 ,divestiture ,after the end of the four-year period beginning on the date on which a grant provided under the ,alaska ,kiln ,drying ,grant ,program was closed1 real property or equipment acquired using the grant funds may be retained or disposed of by the grant recipient with no further obligation to the ,federal ,government4