Page:United States Statutes at Large Volume 117.djvu/1940

 PUBLIC LAW 108–152—DEC. 3, 2003

117 STAT. 1921

(B) is not in the public interest. (e) METHODS OF SALE.—The Secretary may sell the land described in subsection (b) at public or private sale (including at auction), in accordance with any terms, conditions, and procedures that the Secretary determines to be appropriate. (f) BROKERS.—In any sale or exchange of land described in subsection (b), the Secretary may— (1) use a real estate broker; and (2) pay the real estate broker a commission in an amount that is comparable to the amounts of commission generally paid for real estate transactions in the area. (g) CONCURRENCE OF THE SECRETARY OF THE AIR FORCE.— A parcel of land described in paragraphs (1) through (7) of subsection (b) shall not be sold or exchanged by the Secretary without the concurrence of the Secretary of the Air Force. (h) CASH EQUALIZATION.—Notwithstanding section 206(b) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716(b)), if the value of non-Federal land for which Federal land is exchanged under this section is less than the value of the Federal land exchanged, the Secretary may accept a cash equalization payment in excess of 25 percent of the value of the Federal land. (i) DISPOSITION OF PROCEEDS.— (1) IN GENERAL.—The net proceeds derived from any sale or exchange under this Act shall be deposited in the fund established by Public Law 90–171 (commonly known as the ‘‘Sisk Act’’) (16 U.S.C. 484a). (2) USE.—Amounts deposited under paragraph (1) shall be available to the Secretary for expenditure, without further appropriation, for— (A) acquisition of land and interests in land for inclusion as units of the National Forest System in the State; and (B) reimbursement of costs incurred by the Secretary in carrying out land sales and exchanges under this Act, including the payment of real estate broker commissions under subsection (f). SEC. 4. ADMINISTRATION.

(a) IN GENERAL.—Land acquired by the United States under this Act shall be— (1) subject to the Act of March 1, 1911 (commonly known as the ‘‘Weeks Act’’) (16 U.S.C. 480 et seq.); and (2) administered in accordance with laws (including regulations) applicable to the National Forest System. (b) APPLICABLE LAW.—The land described in section 3(b) shall not be subject to the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 471 et seq.).

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