Revitalizing Base Closure Communities, Economic Development Conveyance Annual Financial Statement

Local redevelopment authorities (LRA) receiving base closure property by economic development conveyance (EDC) procedure are required by 32 CFR 174 to invest proceeds from any sale, lease, or equivalent use of EDC property during the first 7 years after the date of the initial transfer of the property to support the economic redevelopment. To confirm compliance with 32 CFR 174, the Military Departments collect data annually. The respondents are the LRAs which consists of members of the local communities surrounding the closed military installation.

The latest form for Revitalizing Base Closure Communities, Economic Development Conveyance Annual Financial Statement expires 2021-01-31 and can be found here.