112 STAT. 2348 PUBLIC LAW 105-263—OCT. 19, 1998 Consultation under this paragraph is in addition to any other consultation required by law. (b) ADMINISTRATION.— On acceptance of title by the United States, land and interests in land acquired under this section that is within the boundaries of a unit of the National Forest System, National Park System, National Wildlife Refuge System, National Wild and Scenic Rivers System, National Trails System, National Wilderness Preservation System, any other system established by Act of Congress, or any national conservation or national recreation area established by Act of Congress— (1) shall become part of the unit or area without further action by the Secretary or Secretary of Agriculture; and (2) shall be managed in accordance with all laws and regulations and land use plans applicable to the unit or area. (c) DETERMINATION OF FAIR MARKET VALUE. — The fair market value of land or an interest in land to be acquired by the Secretary or the Secretary of Agriculture under this section shall be determined pursuant to section 206 of the Federal Land Policy and Management Act of 1976 and shall be consistent with other applicable requirements and standards. Fgiir market value shall be determined without regard to the presence of a species listed as threatened or endangered under the Endangered Species Act of 1973 (16 U.S.C. 1531 et seq.). (d) PAYMENTS IN LIEU OF TAXES.— - Section 6901(1) of title 31, United States Code, is amended as follows: (1) By striking "or" at the end of subparagraph (F). (2) By striking the period at the end of subparagraph (G) and inserting "; or". (3) By adding at the end the following: (H) acquired by the Secretary of the Interior or the Secretary of Agriculture under section 5 of the Southern Nevada Public Land Management Act of 1998 that is not otherwise described in subparagraphs (A) through (G).". SEC. 6. REPORT. The Secretary, in cooperation with the Secretary of Agriculture, shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Resources of the House of Representatives an annual report on all transactions under this Act. SEC. 7. RECREATION AND PUBLIC PURPOSES ACT. (a) TRANSFER OF REVERSIONARY INTEREST. — (1) IN GENERAL. — Upon request by a grantee of lands within Clark County, Nevada, that are subject to a lease or patent issued under the Recreation and Public Purposes Act, the Secretary may transfer the reversionary interest in such lands to other non-Federal lands. The transfer of the reversionary interest shall only be made to lands of equal value, except that with respect to the State of Nevada or a unit of local government an amount equal to the excess (if any) of the fedr market value of lands received by the unit of local government over the fair market value of lands transferred by the unit of local government shall be pgiid to the Secretary and shall be treated under subsection (e)(1) of section 4 as proceeds from the sale of Igind. For purposes of this subsection, the fair market value of lands to be transferred by the State of
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