1. Short title
This Act may be cited as the “Inyo National Forest Land Exchange Act”.
Inyo National Forest Land Exchange Act
A BILL
To facilitate a land exchange involving certain National Forest System land in the Inyo National Forest, and for other purposes.
2. Purpose
The purpose of this Act is to modify the use of land exchange authorities available to the Secretary of Agriculture as of the date of enactment of this Act with respect to certain land in the Inyo National Forest, California.
3. Definitions
In this section:
Federal land— The term Federal land means certain National Forest System land located within the boundaries of the Inyo National Forest, California, as depicted on the map entitled Federal Parcel and dated June 2011.
Non-Federal land— The term non-Federal land means certain non-Federal land in California located outside the boundaries of the Inyo National Forest, California, as depicted on the maps entitled DWP Parcel–Interagency Visitor Center Parcel and DWP Parcel–Town of Bishop Parcel and dated June 2011.
Secretary— The term Secretary means the Secretary of Agriculture.
4. Special rules for Inyo National Forest Land Exchange
Authority To accept land outside boundaries of Inyo National Forest— In any land exchange involving the conveyance of the Federal land, the Secretary may accept the conveyance of the non-Federal land in exchange for the conveyance of the Federal land, if the Secretary determines that acquisition of the non-Federal land is desirable for National Forest System purposes.
Cash equalization payment; use—
In general— In an exchange of land under subsection (a), the Secretary may accept a cash equalization payment in excess of 25 percent of the value of the Federal land.
Disposition and use of funds— Any cash equalization payment received by the Secretary under this subsection shall be—
deposited into the fund established under Public Law 90–171 (commonly known as the “Sisk Act”) (16 U.S.C. 484a); and
available to the Secretary for the acquisition of land or interests in land for addition to the National Forest System.
No new land exchange authority— Nothing in this section grants the Secretary new land exchange authority.