Page:United States Statutes at Large Volume 113 Part 2.djvu/731

 PUBLIC LAW 106-113—APPENDIX C 113 STAT. 1501A-213 Soto National Forest on the date of the enactment of this Act, until the plan is revised in accordance with the regularly scheduled process for revision. SEC. 405. FRANKLIN COUNTY LAND. (a) IN GENERAL.— The Agreement dated April 24, 1999, entered into between the Secretary, the State, and the Franklin County School Board that provides for the Federal acquisition of land owned by the State for the construction of the Franklin Lake Dam in Franklin County, Mississippi, is ratified and the parties to the Agreement are authorized to implement the terms of the Agreement. (b) FEDERAL GRANT.— (1) IN GENERAL.— Subject to reservations and exceptions contained in the Agreement, there is granted and quit claimed to the State all right, title, and interest of the United States in the federally-owned land described in Exhibit A to the Agreement. (2) MANAGEMENT. —The land granted to the State under the Agreement shall be managed as school land grants. (c) ACQUISITION OF STATE LAND. — (1) IN GENERAL.—All right, title, and interest in and to the 655.94 acres of land described as Exhibit B to the Agreement is vested in the United States along with the right of immediate possession by the Secretary. (2) COMPENSATION. —Compensation owed to the State and the Franklin County School Board for the land described in paragraph (1) shall be provided in accordance with the Agreement. (d) CORRECTION OF DESCRIPTIONS. — The Secretary and the Secretary of State of the State may, by joint modification of the Agreement, make minor corrections to the descriptions of the land described on Exhibits A and B to the Agreement. (e) SECURITY INTEREST.— (1) IN GENERAL. — Any cash equalization indebtedness owed to the United States pursuant to the Agreement shall be secured only by the timber on the granted land described in Exhibit A of the Agreement. (2) LOSS OF SECURITY. — The United States shall have no recourse against the State or the Franklin County School Board as the result of the loss of the security described in paragraph (1) due to fire, insects, natural disaster, or other circumstance beyond the control of the State or Board. (3) RELEASE OF LIENS.— On payment of cash equalization as required by the Agreement, the Secretary (or the Supervisor of the National Forests in the State or other authorized representative of the Secretary) shall release any liens on the granted land described in Exhibit A of the Agreement. SEC. 406. DISPOSITION OF FUNDS FROM LAND CONVEYANCES. (a) IN GENERAL.—The Secretary shall deposit any funds received by the United States from land conveyances authorized under section 405 in the fund established under Public Law 90- 171 (16 U.S.C. 484a) (commonly known as the "Sisk Act"). (b) USE.— Funds deposited in the fund under subsection (a) shall be available until expended for the acquisition of land and interests in land for the National Forest System in the State.

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