; transfers to Department (1) Option The Secretary shall provide to the permittee of a property the first option to purchase that property in accordance with paragraph (3) for fair market value, subject to the condition that the permittee shall pay to the Department any outstanding permit fees before the permittee may exercise the option to purchase. (2) Determination of fair market value (A) In general For purposes of this subsection, the fair market value of a property shall be determined by a local, third-party appraiser, valuing the property as unimproved residential property, excluding all improvements. (B) Disputes Any dispute regarding the fair market value of a property shall be resolved in accordance with section 2201.4 of title 43, Code of Federal Regulations (or successor regulations). (3) Purchase (A) In general On an election by a permittee to exercise the option to purchase a property pursuant to paragraph (1), the Secretary shall convey to the permittee, for fair market value— (i) all right, title, and interest of the United States in and to the property, subject to valid existing rights; and (ii) easements for— (I) vehicular access to the property; (II) access to, and use of, a dock for the property; and (III) access to, and use of, all boathouses, ramps, retaining walls, and other improvements for which access is provided in the permit for use of the property as of the date of enactment of this Act. (B) Period for conveyance The Secretary shall convey to a permittee a property pursuant to subparagraph (A) during the period— (i) beginning on the date of enactment of this Act