123STA T . 1 984PUBLIC LA W 111 –5 3 — AU G .19 , 2 0 09 Man a gem en t at l ea s t 30d a y s b e for et h e c on v eyance of the a p pl i cable parcels .(B)PUBLICAT I ON . —T he S ecretary or the State , as applicable, shall p u blish in a ne w spaper of general circula - tion in Salt L a k e C ounty, U tah, a notice that the appraisals are available for public inspection. (e) CON VEY ANCE O F PA R CEL S INP H ASES.— ( 1 ) I N G ENERAL.— N otwithstanding that appraisals for all of the parcels of F ederal land and non-Federal land may not have been approved under subsection (d)(3), parcels of the Federal land and non-Federal land may be e x changed under subsection (a) in 3 phases beginning on the date on which the appraised values of the parcels included in the applicable phase are approved under this subsection. ( 2 ) PHASES.—The 3 phases referred to in paragraph (1) are— ( A ) phase 1, consisting of the non-Federal land identi- fied as ‘ ‘phase one ’ ’ land on the G rand County Map
(B) phase 2, consisting of the non-Federal land identi- fied as ‘‘phase two’’ land on the Grand County Map and the Uintah County Map; and (C) phase 3, consisting of any remaining non-Federal land that is not identified as ‘‘phase one’’ land or ‘‘phase two’’ land on the Grand County Map or the Uintah County Map. (3) NO AGREE M ENTONE X CHANGE.—If agreement has not been reached with respect to the exchange of an individual parcel of Federal land or non-Federal land, the Secretary and the State may agree to set aside the individual parcel to allow the exchange of the other parcels of Federal land and non- Federal land to proceed. ( 4 ) TIMING.—It is the intent of Congress that at least the first phase of the exchange of land authori z ed by subsection (a) be completed not later than 3 6 0 days after the date on which the State makes the Secretary an offer to convey the non-Federal land under that subsection. (f) R ESERVATION OF INTEREST IN O IL SHALE.— (1) IN GENERAL.— W ith respect to Federal land that con- tains oil shale resources, the Secretary shall reserve an interest in the portion of the mineral estate that contains the oil shale resources. (2) E XTENT OF INTEREST.—The interest reserved by the United States under paragraph (1) shall consist of— (A) 5 0 percent of any bonus bid or other payment received by the State as consideration for securing any lease or authorization to develop oil shale resources; (B) the amount that would have been received by the Federal Government under the applicable royalty rate if the oil shale resources had been retained in Federal owner- ship; and (C) 50 percent of any other payment received by the State pursuant to any lease or authorization to develop the oil shale resources. (3) PAYMENT.—Any amounts due under paragraph (2) shall be paid by the State to the United States not less than q uar- terly. Deadlin e .Not i c e.
