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Amorney-ciiejU Piivilcgaa <br />C. Leam <br />A lcase is awmpvrary estota ia laad whidi sIlows the }andownvr to rotain oqvnership nf <br />the pmptrty whilc it ia being vsed ar occupied by the tenaat for a specified period of <br />timc. A ftidexal grant ooui,d be used ta It.ase prvperty for -omozvatiou purpesea if the <br />lease specified the conditions of managcmcnt ar use of the land during the Itase torm. <br />Speciai pr+oR+is3ooos would ba needr.d ta pratcct the pcputaent's intcrests in the "ent of <br />a defsalt ou the Iessc by the graateellcsscG. Thus, whilt permissible, a leasa may be less <br />dedrablo tban a perpetual iaterest. <br />Management Optloris <br />As discussed, afcdtral agency may pravide £nntling w a stato ar 1ocal government ar to <br />a nonprvfit institutian f,or the acquisitionaf real prnperty or iaterests in real PraperiY- <br />Such fundiag is prwided througL eithsr a gxant or a cooperative agmement with the <br />eatity that will aaqwixe the progcrty iDtcmts. The seIeccdon of eithar form of asaistauoc <br />$greament wM aapcad on the amouat o# invoh?emeot ia decisioa-making and <br />impiementation the agancy desires to buvo. HWweeer, vse af the 5ederal tuads must <br />always be subject to the tarms of tho xniaarce agreemcn#, smd the #tderal awaiding <br />agcncy mtai.ns authority aver the ttrms of the agreemeat aad, through the agreemen#. <br />ower the ucqvusition, management amd ultimate disposition of the proparty. ne Options <br />Faper xss:igns braader aetthority to the Gavernanoe Committr.e than is passi'ble nnder <br />ftderai jaw baeause it does not distinpish bctwccn the ementially advisory mle o£ the <br />Cnmmittree and the autbarity of the federal gcyvernmont ta make dedsioas regarding <br />appropristed fr.deral funds. <br />Ibo dptitaaus Paper sats up fauY scenarios in whicdx a`land entify„ avd a'gos+ernance <br />com,mittea" caast in varying relations ta euh other. Zt is unclear fronn the discussian <br />what rolc the fcderai garticipating agencias, iaclud'?ag tha Burzau, wauld have in the <br />activitics of Gitltiar the land entity or the committee. Hawcvar, Scr.tiomi XX of the 1997 <br />Cooporadvc ,Agrcement establishes a Gwernancx Committec with respansibiliecs that <br />are s,imilar to those descxbed in thc Qptians Paper. Aaswaing that this is the sama <br />`governan?ce oonnUttr.c"disausad ia the Opaans Yapcx, the Bureau clearly p"cipates <br />in the gavernauoe comnxitte,e, and thcnforc in any recammendatians the oamnnitttc tnay <br />makc regarding ]aad acquisidon. <br />Under section IXC of the 1997 Coaperative Agrcememt, the Governaace Committee <br />may establisL comYnittees to ca:xy aut aaUr?ities, agrca on fiwdm.g auad resource <br />allocation, end ' cater into an agreement with an appmpriate entity for thc <br />administration of cortain fiuxds expeaded pursuamt ta this cooperative agreement" Ncde, <br />however, that agreements on atIocadons af fi,nds aad resources are subject ta limitatians <br />7