responsibility to ensure compliance with international treaties and interstate compacts. (6) The qualifying entity agrees to provide, as consideration for the assets to be conveyed, compensation to the United States worth the equivalent of the present value of any repayment obligation to the United States or other income stream the United States derives from the assets to be transferred at the time of the transfer. 5. Other Conditions for Conveyances (a) Power rates No conveyance under this Act may adversely impact power rates or repayment obligations. (b) NEPA The Secretary shall apply a categorical exclusion process under the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq.) on eligible facilities under this Act. 6. Liability Effective upon the date of conveyance of any eligible facility pursuant to this Act, the United States shall not be liable for damages of any kind arising out of any act, omission, or occurrence based on its prior ownership or operation of the conveyed property, except for damages caused by acts of negligence committed by the United States or by its employees, agents, or contractors, prior to conveyance. 7. Benefits After a conveyance under this Act— (1) the conveyed property shall not be considered to be a part of a Federal reclamation project