,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bdd  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #bh1 #bjai,ms4 
,mc,sally introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,en]gy & ,natural ,res\rces  ,a ,,bill  
,to provide = ! un5cumb]+ ( title to    
non-,f$]al l& own$ by ,embry-,riddle    
,a]onautical ,univ]sity1 ,florida1 =    
purposes ( economic developm5t by       
conveyance ( ! ,f$]al rev]sion>y int]e/ 
to ! ,univ]sity4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,embry-,riddle     
,tri-,city ,l& ,ex*ange ,completion ,act
 ( #bjai4  #b4 ,def9itions ,9 ?is ,act3 
7#a7 ,non-,f$]al l& ,! t]m non-,f$]al l&
 means ! approximately #af-;acre p>cel (
 ,univ]sity l& id5tifi$ 9 section #c7;a7
 ( ,public ,law #aje-cfc 7#aab ,/at4    
#cbig74  7#b7 ,secret>y ,! t]m ,secret>y
 means ! ,secret>y ( ! ,int]ior4  7#c7  
,univ]sity ,! t]m ,univ]sity means      
,embry-,riddle ,a]onautical ,univ]sity1 
,florida4  #c4 ,conveyance ( ,f$]al     
rev]sion>y int]e/ 9 l& locat$ 9 ,yavapai

 ,c\nty1 ,arizona  7a7 ,conveyance  7#a7
 ,9 g5]al ,not)/&+ any o!r provision (  
law1 if aft] ! completion ( ! appraisal 
requir$ "u subsection 7b71 ! ,univ]sity 
submits to ! ,secret>y an (f] to acquire
 ! rev]sion>y int]e/s ( ! ,unit$ ,/ates 
9 & to ! non-,f$]al l&1 ! ,secret>y %all
 convey to ! ,univ]sity ! rev]sion>y    
int]e/s ( ! ,unit$ ,/ates 9 & to !      
non-,f$]al l& = ! purpose ( un5cumb]+ ! 
title to ! non-,f$]al l& to enable      
economic developm5t ( ! non-,f$]al l&4  
7#b7 ,legal descriptions ,z soon z      
practicable aft] ! date ( enactm5t ( ?is
 ,act1 ! exact legal description ( !    
non-,f$]al l& %all be det]m9$ 9 a mann] 
satisfactory to ! ,secret>y4  7#c7      
,additional t]ms & conditions ,!        
,secret>y may require su* additional    
t]ms & conditions to ! conveyance "u    
p>agraph 7#a71 consi/5t ) ?is ,act1 z ! 
,secret>y consid]s appropriate to       
protect ! int]e/s ( ! ,unit$ ,/ates4    
7#d7 ,co/s ,! ,univ]sity %all pay all   
co/s associat$ ) ! conveyance "u        

p>agraph 7#a71 includ+ ! co/s ( !       
appraisal requir$ "u subsection 7b71 !  
co/s ( any surveys1 record+ co/s1 & o!r 
reasonable co/s4  7b7 ,appraisal  7#a7  
,9 g5]al ,n lat] ?an #ahj days aft] !   
date ( enactm5t ( ?is ,act1 ! ,secret>y 
%all complete an appraisal ( !          
rev]sion>y int]e/s ( ! ,unit$ ,/ates 9 &
 to ! non-,f$]al l&4  7#b7 ,applicable  
law ,! appraisal "u p>agraph 7#a7 %all  
be complet$ 9 accordance )-- 7,a7 !     
,uni=m ,appraisal ,/&>ds = ,f$]al ,l&   
,acquisitions2 &  7,b7 ! ,uni=m ,/&>ds (
 ,pr(essional ,appraisal ,practice4  7c7
 ,consid]ation  7#a7 ,9 g5]al ,z        
consid]ation = ! conveyance ( !         
rev]sion>y int]e/s ( ! ,unit$ ,/ates 9 &
 to ! non-,f$]al l& "u ?is ,act1 !      
,univ]sity %all pay to ! ,secret>y an   
am\nt equal to ! apprais$ value ( !     
int]e/s ( ! ,unit$ ,/ates1 z det]m9$ "u 
subsection 7b74  7#b7 ,deposit2 use     
,am\nts receiv$ "u p>agraph 7#a7 %all   
be-- 7,a7 deposit$ 9 ! ,f$]al ,l&       
,disposal ,acc\nt e/abli%$ by section   

#bjf7;a7 ( ! ,f$]al ,l& ,transaction    
,facilitation ,act 7#dc ,u4,s4,c4       
#bcje7;a772 &  7,b7 us$ 9 accordance ) t
 ,act 7#dc ,u4,s4,c4 #bcja et seq474