Ill STAT. 1460 PUBLIC LAW 105-74—NOV. 12, 1997 Public Law 105-74 105th Congress An Act Nov. 12, 1997 To require the Secretary of the Interior to exchange certain lands located in Hinsdale m [S. 587] County, Colorado. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. LARSON AND FRIENDS CREEK EXCHANGE. (a) IN GENERAL.— In exchange for conveyance to the United States of an equal value of offered land acceptable to the Secretary of the Interior that lies within, or in proximity to, the Handles Peak Wilderness Study Area, the Red Cloud Peak Wilderness Study Area, or the Alpine Loop Backcountry Bi-way, in Hinsdale County, Colorado, the Secretary of the Interior shall convey to Lake City Ranches, Ltd., a Texas limited partnership (referred to in this section as "LCR"), approximately 560 acres of selected land located in that county and generally depicted on a map entitled "Larson and Friends Creek Exchange", dated June 1996. 1^ (b) CONTINGENCY. —The exchange under subsection (a) shall be contingent on the granting by LCR to the Secretary of a permanent conservation easement, on the approximately 440-acre Larson Creek portion of the selected land (as depicted on the map), that limits future use of the land to agricultural, wildlife, recreational, or open space purposes. (c) APPRAISAL AND EQUALIZATION.— (1) IN GENERAL.— The exchange under subsection (a) shall be subject to— (A) the appraisal requirements and equalization pay- ment limitations set forth in section 206 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716); and (B) reviews and approvals relating to threatened species and endangered species, cultural and historic resources, and hazardous materials under other Federal laws. (2) COSTS OF APPRAISAL AND REVIEW.— The costs of appraisals and reviews shall be paid by LCR.
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