Requires conveyance of approximately 44 acres of federally owned land administered by the Agricultural Research Service which comprises part of the National Animal Disease Center (the property) in the city of Ames, Iowa, to the city of Ames and its assigns.
Requires the city: (1) to pay to the Secretary of Agriculture (USDA) the market value of the property, to be determined by an appraisal; and (2) at closing, to pay or reimburse the reasonable transaction and administrative costs associated with the conveyance incurred by the Secretary.
Requires the city and the Secretary to bear their own attorneys fees.
Requires the Secretary to meet disclosure requirements for hazardous substances, but to otherwise not be required to remediate or abate such substances or any other hazardous pollutants, contaminants, or waste that might be present on the property at the time of closing.
Bars requiring the Secretary to mitigate or abate any lead-based paint or asbestos-containing building materials present on the property at the time of closing. Sets forth the procedure the Secretary shall follow if the property has such paint or building materials present on it at that time.
Requires the deposit of funds received from the conveyance into the Treasury to be credited to the Agricultural Research Service and to be: (1) used for the acquisition of land and interests and other related purposes of the National Animal Disease Center; and (2) considered to authorize the acquisition of land as may be necessary for the USDA to carry out its work.