120 STAT. 2646
PUBLIC LAW 109–372—NOV. 27, 2006 (8) SECRETARY.—The term ‘‘Secretary’’ means the Secretary of the Interior. (9) STATE.—The term ‘‘State’’ means the State of Idaho, Department of Lands. (10) STATE LAND.—The term ‘‘State land’’ means the approximately 11,815 acres of land (including all appurtenances to the land) administered by the State that is proposed to be acquired by the United States, as identified in exhibit A1 of the Agreement and as generally depicted on the maps.
SEC. 3. LAND EXCHANGE.
Extension date.
VerDate 14-DEC-2004
09:16 Jul 13, 2007
(a) IN GENERAL.—In accordance with the Agreement and this Act, if the State offers to convey the State land to the United States, the Secretary and the Secretary of Agriculture shall— (1) accept the offer; and (2) on receipt of title to the State land, simultaneously convey to the State the Federal land. (b) VALID EXISTING RIGHTS.—The conveyance of the Federal land and State land shall be subject to all valid existing rights. (c) EQUAL VALUE EXCHANGE.— (1) IN GENERAL.—The value of the Federal land and State land to be exchanged under this Act— (A) shall be equal; or (B) shall be made equal in accordance with subsection (d). (2) APPRAISALS.—The value of the Federal land and State land shall be determined in accordance with appraisals— (A) conducted in accordance with— (i) the Uniform Appraisal Standards for Federal Land Acquisitions; and (ii) the Uniform Standards of Professional Appraisal Practice; (B) reviewed by an interdepartmental review team comprised of representatives of Federal and State agencies; and (C) approved by the Secretary or the Secretary of Agriculture, as appropriate. (3) TERM OF APPROVAL.—The term of approval of the appraisals by the interdepartmental review team is extended to September 13, 2008. (d) CASH EQUALIZATION.— (1) IN GENERAL.—If the value of the Federal land and State land is not equal, the value may be equalized by the payment of cash to the United States or to the State, as appropriate, in accordance with section 206(b) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716(b)). (2) DISPOSITION AND USE OF PROCEEDS.— (A) DISPOSITION OF PROCEEDS.—Any cash equalization payments received by the United States under paragraph (1) shall be deposited in the fund established under Public Law 90–171 (commonly known as the ‘‘Sisk Act’’) (16 U.S.C. 484a). (B) USE OF PROCEEDS.—Amounts deposited under subparagraph (A) shall be available to the Secretary of Agriculture, without further appropriation and until expended, for the acquisition of land and interests in land for addition to the National Forest System in the State.
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