Page:United States Statutes at Large Volume 120.djvu/3582

 PUBLIC LAW 109–470—JAN. 11, 2007

120 STAT. 3551

(1) assume jurisdiction over the non-Federal land; and (2) amend the withdrawal for the Holloman Air Force Base to include the non-Federal land. (d) INTERESTS INCLUDED IN EXCHANGE.—Subject to valid existing rights, the land exchange under this Act shall include the conveyance of all surface, subsurface, mineral, and water rights to the Federal land and non-Federal land exchanged. (e) COMPLIANCE WITH FEDERAL LAND POLICY AND MANAGEMENT ACT.— (1) IN GENERAL.—Except as provided in paragraph (2), the Secretary shall carry out the land exchange under this section in accordance with section 206 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716). (2) CASH EQUALIZATION.—Notwithstanding section 206(b) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716(b)), a cash equalization payment may be made in excess of 25 percent of the appraised value of the Federal land. (f) NO AMENDMENT TO MANAGEMENT PLAN REQUIRED.—The exchange of Federal land and non-Federal land shall not require an amendment to the White Sands Resource Management Plan. (g) DISPOSITION AND USE OF PROCEEDS.— (1) DISPOSITION OF PROCEEDS.—The Secretary shall deposit any cash equalization payments received under this Act in the Federal Land Disposal Account established under section 206(a) of the Federal Land Transaction Facilitation Act (43 U.S.C. 2305(a)). (2) USE OF PROCEEDS.—Amounts deposited under paragraph (1) shall be expended in accordance with section 206(c) of the Federal Land Transaction Facilitation Act (43 U.S.C. 2305(c)). (h) ADDITIONAL TERMS AND CONDITIONS.—The Secretary may require any additional terms and conditions for the land exchange that the Secretary considers to be appropriate to protect the interests of the United States. Approved January 11, 2007.

LEGISLATIVE HISTORY—H.R. 486: SENATE REPORTS: No. 109–313 (Comm. on Energy and Natural Resources). CONGRESSIONAL RECORD: Vol. 151 (2005): Mar. 14, considered and passed House. Vol. 152 (2006): Dec. 7, considered and passed Senate, amended. Dec. 8, House concurred in Senate amendment.

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