Page:United States Statutes at Large Volume 116 Part 3.djvu/406

 116 STAT. 1998 PUBLIC LAW 107-282—NOV. 6, 2002 16 USC 460CCC-4 note. Effective date. 16 USC 460ccc-4 note. Deadline. (A) IN GENERAL.— If the value of the non-Federal parcel is less than the value of the Federal parcel— (i) the Corporation shall make a cash equalization payment to the Secretary; or (ii) the Secretary shall, as determined to be appropriate by the Secretary and the Corporation, reduce the acreage of the Federal parcel. (B) DISPOSITION OF PROCEEDS. —The Secretary shall deposit any cash equalization payments received under subparagraph (A)(i) in accordance with section 4(e)(1)(C) of the Southern Nevada Public Land Management Act of 1998 (112 Stat. 2345). SEC. 105. STATUS AND MANAGEMENT OF LANDS. (a) INCLUSION AND MANAGEMENT OF LANDS. —Upon the date of the enactment of this Act, the Secretary shall administer the lands depicted on the Red Rock Map as "Public Lands-proposed addition to the Red Rock Canyon NCA", exclusive of those lands used for the Corps of Engineers R-4 Detention Basin, as part of Red Rock and in accordance with the Red Rock Canyon National Conservation Area Establishment Act of 1990 (16 U.S.C. 460ccc et seq.) and all other applicable laws. (b) INCLUSION OF ACQUIRED LANDS.— Upon acquisition by the United States of lands under this Act, the Secretary shall— (1) administer the lands as part of Red Rock and in accordance with the Red Rock Canyon National Conservation Area Establishment Act of 1990 (16 U.S.C. 460ccc et seq.), the Southern Nevada Public Lands Management Act of 1998 (Public Law 105-263), and all other applicable laws; and (2) create new maps showing the boundaries of Red Rock as modified or pursuant to this Act, and make such maps available for review at the Las Vegas District Office of the Bureau of Land Management and the State Office of the Bureau of Land Management, Reno, Nevada. (c) CONFORMING AMENDMENT.— Section 3(a)(2) of the Red Rock Canyon National Conservation Area Establishment Act of 1990 (16 U.S.C. 460ccc-l(a)(2)) is amended by inserting before the period the following: ", and such additional areas as are included in the conservation area pursuant to the Red Rock Canyon National Conservation Area Protection and Enhancement Act of 2002". SEC. 106. GENERAL PROVISIONS. (a) REVIEW OF APPRAISAL.— Not later than 90 days after the date of the enactment of this Act, the Secretary shall complete a review of the appraisal entitled, "Complete Self-Contained Appraisal Red Rock Exchange, Las Vegas, Nevada", completed on or about June 3, 2002. The difference in appraisal values shall be reimbursed to the Secretary by the Corporation in accordance with the Southern Nevada Public Lands Management Act of 1998. (b) VALID EXISTING RIGHTS.— The land exchange under this Act shall be subject to valid existing rights. Each party to which property is conveyed under this Act shall succeed to the rights and obligations of the conveying party with respect to any lease, right-of-way, permit, or other valid existing right to which the property is subject. (c) TECHNICAL CORRECTIONS. — Nothing in this Act prohibits the parties to the conveyances under this Act from agreeing to

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