Section 1 Short title
This Act may be cited as the “American Land Act”.
American Land Act
A BILL
To direct the Secretary of the Interior and the Secretary of Agriculture to sell certain Federal land, to direct that the proceeds of such sales be applied to reduce the Federal budget deficit, and for other purposes.
Sec. 2 Authorization to sell land
Authorization— For each of fiscal years 2013 through 2017, subject to valid existing rights, the Secretary of the Interior or the Secretary of Agriculture, as the case may be, shall offer for competitive sale by auction all right, title, and interest, to the extent provided in subsection (b)(2), in and to the following:
Eight percent of the Federal land managed by the Bureau of Land Management.
Eight percent of the National Forest System land.
Terms and conditions—
Configuration of land— The Secretary concerned shall configure the land to be sold to maximize marketability or achieve management objectives, and may prescribe such terms and conditions on the land sales authorized by this Act as the Secretary deems in the public interest.
Mineral rights— For each fiscal year, the Secretary concerned may include in the sale of land under subsection (a) the mineral rights to such land for not more than 50 percent of the total acreage sold under subsection (a) by that Secretary, if the Secretary determines that such inclusion is likely to maximize marketability.
Sec. 3 Proceeds from the sale of land
All proceeds from the sale of land under this Act shall be deposited into the Treasury and applied—
to reduce the annual Federal budget deficit for the fiscal year in which the sums are received, except as provided in paragraph (2); and
if there is no annual Federal budget deficit for the fiscal year in which the sums are received, to reduce the outstanding Federal debt.