Page:United States Statutes at Large Volume 118.djvu/2244

 118 STAT. 2214 PUBLIC LAW 108–382—OCT. 30, 2004 interfere with the use, operation, maintenance, repair, improvement, or replacement of the Salt Lake Aqueduct by the District. (D) BOUNDARIES.—The boundaries of the easements conveyed under subparagraph (A) shall be determined by the Secretary, in consultation with the District and the Secretary of Agriculture. (E) TRANSFER OF ADMINISTRATIVE JURISDICTION.— (i) IN GENERAL.—On conveyance of the easement to the land described in subparagraph (A)(ii), the Sec retary, subject to the easement, shall transfer to the Secretary of Agriculture administrative jurisdiction over the land. (ii) ADMINISTRATIVE SITE.—The land transferred under clause (i) shall be administered by the Secretary of Agriculture as an administrative site. (F) ADMINISTRATION.—The easements conveyed under subparagraph (A) shall be administered by the Secretary of Agriculture in accordance with section 501(b)(3) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1761(b)(3)). (c) CONSIDERATION.— (1) ASSOCIATION.— (A) IN GENERAL.—In exchange for the conveyance under subsection (a)(1), the Association shall pay the Sec retary an amount that is equal to the sum of— (i) the net present value of any remaining debt obligation of the United States with respect to the Provo Reservoir Canal; and (ii) the net present value of any revenues from the Provo Reservoir Canal that, based on past history— (I) would be available to the United States but for the conveyance of the Provo Reservoir Canal under subsection (a)(1); and (II) would be deposited in the reclamation fund established under the first section of the Act of June 17, 1902 (43 U.S.C. 391), and credited under the terms of Reclamation Manual/Directives and Standards PEC 03–01. (B) DEDUCTION.—In determining the net present values under clauses (i) and (ii) of subparagraph (A), the Association may deduct from the net present value such sums as are required for the reimbursement described in the Agreement. (2) DISTRICT.— (A) IN GENERAL.—In exchange for the conveyance under subsection (b)(1), the District shall pay the Secretary an amount that is equal to the sum of— (i) the net present value of any remaining debt obligation of the United States with respect to the Salt Lake Aqueduct; and (ii) the net present value of any revenues from the Salt Lake Aqueduct that, based on past history— (I) would have been available to the United States but for the conveyance of the Salt Lake Aqueduct under subsection (b)(1); and

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