Page:United States Statutes at Large Volume 112 Part 3.djvu/516

 112 STAT. 2346 PUBLIC LAW 105-263—OCT. 19, 1998 representative of the exchange proponent and an authorized officer of the Bureau of Land Management prior to February 29, 1996. (3) AVAILABILITY OF SPECIAL ACCOUNT. — (A) IN GENERAL. —Amounts deposited in the special account may be expended by the Secretary for— (i) the acquisition of environmentally sensitive land in the State of Nevada in accordance with subsection (h), with priority given to lands located within Clark County; (ii) capital improvements at the Lake Mead National Recreation Area, the Desert National Wildlife Refuge, the Red Rock Canyon National Conservation Area and other areas administered by the Bureau of Land Management in Clark County, and the Spring Mountains National Recreation Area; (iii) development of a multispecies habitat conservation plan in Clark County, Nevada; (iv) development of parks, trails, and natural areas in Clark County, Nevada, pursuant to a cooperative agreement with a unit of local government; and (v) reimbursement of costs incurred by the local offices of the Bureau of Land Management in arranging sales or exchanges under this Act. (B) PROCEDUBES.— The Secretary shall coordinate the use of the special account with the Secretary of Agriculture, the State of Nevada, local governments, and other interested persons, to ensure accountability and demonstrated results. (C) LIMITATION. — Not more than 25 percent of the amounts available to the Secretary from the special account in any fiscal year (determined without taking into account amounts deposited under subsection (g)(4)) may be used in any fiscal year for the purposes described in subparagraph (A)(ii). (f) INVESTMENT OF SPECIAL ACCOUNT.—Al l funds deposited as principal in the special account shall earn interest in the amount determined by the Secretary of the Treasury on the basis of the current average market yield on outstanding marketable obligations of the United States of comparable maturities. Such interest shall be added to the principal of the account and expended according to the provisions of subsection (e)(3). (g) AIRPORT ENVIRONS OVERLAY DISTRICT LAND TRANSFER.— Upon request of Clark County, Nevada, the Secretary shall transfer to Clark County, Nevada, without consideration, all right, title, and interest of the United States in and to the lands identified in the Agreement, subject to the following: (1) Valid existing rights. (2) Clark County agrees to manage such lands in accordance with the Agreement and with section 47504 of title 49, United States Code (relating to airport noise compatibility planning), and regulations promulgated pursuant to that section. (3) Clark County agrees that if any of such lands are sold, leased, or otherwise conveyed or leased by Clark County, such sale, lease, or other conveyance shall contain a limitation which requires uses compatible with the Agreement and such Airport Noise CompatibiHty Planning provisions.

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