114 STAT. 1984 PUBLIC LAW 106-458—NOV. 7, 2000 existing improvements, and improvements constructed to the specifications of the Secretary. (c) APPLICABLE LAW.— Except as otherwise provided in this section, any sale or exchange of land under subsection (a) shall be subject to the laws (including regulations) applicable to the conveyance and acquisition of land for the National Forest System. (d) CASH EQUALIZATION.— Notwithstanding any other provision of law, the Secretary may accept a cash equalization payment in excess of 25 percent of the value of any land or administrative site exchanged under subsection (a). (e) SOLICITATION OF OFFERS. — (1) IN GENERAL.— The Secretary may solicit offers for the sale or exchange of land under this section on such terms and conditions as the Secretary may prescribe. (2) REJECTION OF OFFERS.— The Secretary may reject any offer made under this section if the Secretary determines that the offer is not adequate or not in the public interest. if) REVOCATIONS. —Notwithstanding any other provision of law, on conveyance of land by the Secretary under this section, any public order withdrawing the land from any form of appropriation under the public land laws is revoked. SEC. 4. CONVEYANCE TO CITY OF SEDONA. (a) IN GENERAL. —The Secretary may sell to the city of Sedona, Arizona, by quitclaim deed in fee simple, all right, title, and interest of the United States in and to approximately 300 acres of land as depicted on the map in the environmental assessment entitled "Sedona Effluent Management Plan", dated August 1998, for construction of an effluent disposal system in Yavapai County, Arizona. (b) DESCRIPTION.— A legal description of the land conveyed under subsection (a) shall be available for public inspection in the office of the Chief of the Forest Service, Washington, District of Columbia. (c) CONSIDERATION. — (1) FAIR MARKET VALUE. —As consideration for the convey- ance of land under subsection (a), the City shall pay to the Secretary an amount equal to the fair market value of the land as determined by an appraisal acceptable to the Secretary and prepared in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions, reduced by the total amount of special use permit fees for wastewater treatment facilities paid by the City to the Forest Service during the period beginning on January 1, 1999, and ending on the earlier of— (A) the date that is 270 days after the date of enactment of this Act; or (B) the date on which the full payment is made by the City under paragraph (3)(A) or the date on which first installment payment is made under paragraph (3)(B), depending on the election made by the City under paragraph (3). (2) COST OF APPRAISAL. —The City shall pay the cost of the appraisal of the land. (3) PAYMENT.—Payment of the consideration required under paragraph (1) (including any interest payable under paragraph (4)) shall be paid, at the option of the City—
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