Directs the Secretary and the Administrator of General Services (Administrator) to establish a process and policy for identifying and selecting an eligible entity for: (1) conveyance of historic light stations for preservation purposes; and (2) monitoring the use of such stations. Prescribes application review and conveyance procedures.
States that the conveyance recipient shall not be required to maintain any Federal aid to navigation associated with a historic light station (except certain statutorily permitted private aids).
Precludes submerged lands from any such conveyance.
Requires that any historic light station for which no applicants for conveyance are approved be offered for sale. Sets forth guidelines under which net sale proceeds shall be distributed to either the National Maritime Heritage Grant Program or the Coast Guard's Operating Expenses appropriation account.
Authorizes appropriations.