Page:United States Statutes at Large Volume 108 Part 5.djvu/261

 PUBLIC LAW 103-382—OCT. 20, 1994 108 STAT. 3751 "(3) DETERMINATION OF AGGREGATE ASSESSED VALUE.— Such aggregate assessed value of such acquired Federal property shall be determined on the basis of the highest and best use of property adjacent to such acquired Federal property as of the time such value is determined, and provided to the Secretary, by the local official responsible for assessing the value of real property located in the jurisdiction of such local educational agency for the purpose of levying a property tax. " (c) APPLICABILITY TO TENNESSEE VALLEY AUTHORITY ACT. — For the purpose of this section, any real property with respect to which payments are being made under section 13 of the Tennessee Valley Authority Act of 1933 shall not be regarded as Federal property. "(d) OWNERSHIP BY UNITED STATES.— The United States shall be deemed to own Federal property for the purposes of this Act, where— "(1) prior to the transfer of Federal property, the United States owned Federal property meeting the requirements of subparagraphs (A), (B), and (C) of subsection (a)(1); and "(2) the United States transfers a portion of the property referred to in paragraph (1) to another nontaxable entity, and the United States— "(A) restricts some or any construction on such property; "(B) requires that the property be used in perpetuity for the public purposes for which the property was conveyed; "(C) requires the grantee of the property to report to the Federal Government (or its agent) regarding information on the use of the property; "(D) except with the approval of the Federal Government (or its agent), prohibits the sale, lease, assignment, or other disposal of the property unless such sale, lease, assignment, or other disposal is to another eligible government agency; and "(E) reserves to the Federal Government a right of reversion at any time the Federal Government (or its agent) deems it necessary for the national defense. "(e) LOCAL EDUCATIONAL AGENCY CONTAINING FOREST SERVICE LAND AND SERVING CERTAIN COUNTIES.— Beginning with fiscal year 1995, a local educational agency shall be deemed to meet the requirements of subsection (a)(l)(C) if such local educational agency meets the following requirements: "(1) ACREAGE AND ACQUISITION BY THE FOREST SERVICE.— The local educational agency serves a school district that contains between 20,000 and 60,000 acres of land that has been acquired by the Forest Service of the Department of Agriculture between 1915 and 1990, as demonstrated by written evidence from the Forest Service satisfactory to the Secretary. "(2) COUNTY CHARTER. —The local educational agency serves a county chartered under State law in 1875 or 1890. "(f) SPECIAL RULE. —Beginning with fiscal year 1994, and notwithstanding any other provision of law limiting the period during which fiscal year 1994 funds may be obligated, the Secretary shall treat the local educational agency serving the Wheatland R-II School District, Wheatland, Missouri, as meeting the eligibility requirements of section 2(a)(1)(C) of the Act of September 30, 1950

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