PUBLIC LAW 97-468—JAN. 14, 1983
96 STAT. 2567
notify the Region that such property may be available for conveyance to the Region upon negotiated sale. Within fifteen days of the date of receipt of such notice, the Region may advise the Administrator that there is a tentative need for the property to fulfill the obligations established under section 12(b)(5) 43 USC 1611 and (6). If the Administrator determines the property should be ^°^disposed of by transfer to the Region, the Administrator or other appropriate Federal official shall promptly transfer such property; "(B) no disposition or conveyance of property under this subsection to the Region shall be made until the Administrator, after notice to affected State and local governments, has provided to them such opportunity to obtain the property as is recognized in title 40, United States Code and the regulations thereunder for the disposition or conveyance of surplus property; and "(C) as used in this subsection, 'real property' means any land "Real or interests in land owned or held by the United States or any property." Federal agency, any improvements on such land or rights to their use or exploitation, and any personal property related to the land. "(iii) If the Region accepts any conveyance under section 12(b)(7) (i) or (ii), it shall be in exchange for acres or acre-equivalents as provided in subparagraph 1(C)(2)(e) of the document referred to in this section, except that, after the obligation of the Secretary and the Administrator under subparagraph 1(C)(2)(g) of that document has been fulfilled, the acre-equivalents under subparagraph I(C)(2)(e)(iii)(A) shall be one-half the valued increment therein stated. The entitlement of the Region under section 12(b) of this Act shall be reduced by the number of acres or acre-equivalents attributed to the Region under this subsection. The Secretary and the Administrator are directed to execute an agreement with the Region which shall conform substantially to the 'Memorandum of Understanding Regarding the Implementation of Section 12(b)(7)', dated September 10, 1982, and submitted to the Senate Committee on Commerce, Science, and Transportation. The Secretary, the Administrator and the Region may thereafter otherwise agree to procedures to implement responsibilities under this section 12(b)(7), including establishment of accounting procedures and the delegation or reassignment of duties under this statute.". (3) Section 120t>)(7)(iv) of such Act, as so redesignated by paragraph 43 USC 1611 (2) of this subsection, is amended— ^°^(A) by striking "surplus" the first place it appears therein; (B) by inserting immediately before the period at the end of the first sentence the following: "or paying for the conveyance of property pursuant to subsections (i) or (ii)"; (C) by inserting immediately after "account shall be" the following: "the sum of (1)"; (D) by striking "1(C)(2)(e)" and inserting in lieu thereof "I(C)(2)(e)(iii)(A)"; (E) by striking "the effective date of this subsection", and inserting in lieu thereof "December 2, 1980"; (F) by striking "and shall be adjusted" and inserting in lieu thereof "and (2) one-half the acre or acre-equivalent exchange value under subparagraph I(CX2)(e)(iii)(A) of ten townships fewer than the unfulfilled entitlement of the Region on the same date to acres or acre-equivalents under paragraph I(CXl)
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