Page:United States Statutes at Large Volume 114 Part 3.djvu/963

 PUBLIC LAW 106-458—NOV. 7, 2000 114 STAT. 1985 (A) in full not later than 180 days after the date Deadline. of the conveyance of the land; or (B) in 7 equal annual installments commencing not later than January 1 of the first year following the date of the conveyance and annually thereafter until the total amount has been paid. (4) INTEREST RATE.— Any pa3anent due for the conveyance of land under this section shall accrue, beginning on the date of the conveyance, interest at a rate equal to the current (as of the date of the conveyance) market yield on outstanding, marketable obligations of the United States with maturities of 1 year. (d) RELEASE.—Subject to compliance with all Federal environmental laws by the Secretary before the date of conveyance of land under this section, on conveyance of the land, the City shall agree in writing to hold the United States harmless from any and all claims to the land, including all claims resulting from hazardous materials on the conveyed land. (e) RIGHT OF REENTRY.—At any time before full payment is made for the conveyance of land under this section, the conveyance shall be subject to a right of reentry in the United States if the Secretary determines that— (1) the City has not complied with the requirements of this section or the conditions prescribed by the Secretary in the deed of conveyance; or (2) the conveyed land is not used for disposal of treated effluent or other purposes related to the construction of an effluent disposal system in Yavapai County, Arizona. SEC. 5. DISPOSITION OF FUNDS. (a) DEPOSIT OF PROCEEDS. —The Secretary shall deposit the proceeds of a sale or exchange under this Act in the fund established under Public Law 90-171 (16 U.S.C. 484a) (commonly known as the "Sisk Act"). (b) USE OF PROCEEDS.— Funds deposited under subsection (a) shall be available to the Secretary, without further Act of appropriation, for—

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