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![handle is hein.congrecreports/crptxabxq0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 1 115-1049
TO EXTEND THE RETAINED USE ESTATE FOR THE
CANEEL BAY RESORT IN ST. JOHN, UNITED STATES
VIRGIN ISLANDS, AND FOR OTHER PURPOSES
NOVEMBER 27, 2018.-Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
Mr. BISHOP of Utah, from the Committee on Natural Resources,
submitted the following
REPORT
together with
ADDITIONAL VIEWS
[To accompany H.R. 4731]
[Including cost estimate of the Congressional Budget Office]
The Committee on Natural Resources, to whom was referred the
bill (H.R. 4731) to extend the retained use estate for the Caneel
Bay resort in St. John, United States Virgin Islands, and for other
purposes, having considered the same, reports favorably thereon
with an amendment and recommends that the bill as amended do
pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. EXTENSION OF RETAINED USE ESTATE.
(a) EXTENSION REQUIRED.-Not later than 90 days after a request by the grantor,
the Secretary of the Interior shall extend the retained use estate in accordance with
this section.
(b) REQUIREMENTS.-The extension under subsection (a) shall-
(1) except as provided in paragraph (2), be effective for the 60-year period be-
ginning on the date the retained use estate would, but for the extension under
this section, expire;
(2) be subject to the terms of the retained use estate, including the right of
the grantor to terminate the retained use estate in accordance with the terms
thereof; and
(3) require the grantor to pay to the United States, in quarterly installments
for the period of the extension, fair market value rental for use of the premises
89-006](ViewImageLocal?handle=hein.congrecreports/crptxabxq0001&div=1&collection=&method=preview&ext=.png&size=3)