Page:United States Statutes at Large Volume 114 Part 2.djvu/123

 PUBLIC LAW 106-291—OCT. 11, 2000 114 STAT. 1005 or the University of Idaho Foundation, a not-for-profit corporation acting on behalf of the University of Idaho, as a multiagency research and education facihty to serve various agencies and educational institutions of the United States and the State. (2) PURPOSE.— The purpose of this section is to authorize the Secretary— (A) to sell or exchange the land and improvements currently occupied by the Boise laboratory site; and (B) to acquire land, facilities, or interests in land and facilities, including condominium interests, to colocate the Rocky Mountain Research Station Boise laboratory with 1 of the State institutions of higher learning in the Boise metropolitan area, using— (i) funds derived from sale or exchange of the existing Boise laboratory site; and (ii) to the extent the funds received are insufficient to carry out the acquisition of replacement research facilities, funds subsequently made available by appropriation for the acquisition, construction, or improvement of the Rocky Mountain Research Station Boise laboratory. (c) DEFINITIONS.—In this section: (1) BOISE LABORATORY SITE.— The term "Boise laboratory site" means the approximately 3.26 acres of land and all improvements in section 10, T. 3 N., R. 2 E., Boise Meridian, as depicted on that Plat of Park View Addition to Boise, Ada County, Idaho, labeled "Boise Lab Site-May 22, 2000", located at 316 East Myrtle Street, Boise, Idaho. (2) CONDOMINIUM INTEREST.— The term "condominium interest" means an estate in land consisting of (in accordance with law of the State)— (A) an undivided interest in common of a portion of a parcel of real property; and (B) a separate fee simple interest in another portion of the parcel. (3) FAIR MARKET VALUE.— The term "fair market value" means the cash value of land on a specific date, as determined by an appraisal acceptable to the Secretary and prepared in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions. (4) SECRETARY.—The term "Secretary" means the Secretary of Agriculture. (5) STATE. —The term "State" means the State of Idaho. (d) SALE OR EXCHANGE OF BOISE LABORATORY SITE. — (1) IN GENERAL.—The Secretary may, under such terms and conditions as the Secretary may prescribe and subject to valid existing rights, sell or exchange any or all right, title, and interest of the United States in and to the Boise laboratory site. (2) RIGHT OF FIRST REFUSAL. — (A) IN GENERAL.—After a determination of fair market value of the Boise laboratory site is approved by the Secretary, the University of Idaho or the University of Idaho Foundation, a not-for-profit organization acting on behalf of the University of Idaho, shall be allowed 210 days from

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