(a)
Authorization of exchange— If, in accordance with subsection (b), acceptable title to the non-Federal land is conveyed to the United States, the Secretary shall convey to the owner of the non-Federal land, subject to valid existing rights, all right, title, and interest of the United States in and to the Federal land.
(b)
Acceptable title— Title to the non-Federal land conveyed to the United States under subsection (a) shall be title that is acceptable to the Secretary, in conformance with title approval standards applicable to Federal land acquisitions.
(c)
Applicable laws; terms and conditions— The exchange under this section shall be subject to—
(1)
the laws (including regulations) and policies applicable to exchanges of land administered by the National Park Service, including the laws and policies relating to equalization of values and environmental compliance, other than appraisal requirements; and
(2)
such terms and conditions as the Secretary determines to be appropriate.
(d)
Appraisals— For the purpose of valuation of the non-Federal land and Federal land, the Secretary may use the appraisals conducted by Michael Sutton, Certified General Real Estate Appraiser, and dated July 14 and July 22, 2009.
(e)
Administration— The non-Federal land acquired by the Secretary under this section shall be administered as part of the Cape Cod National Seashore.
(f)
Maps— The maps described in paragraphs (1) and (2) of section 2 shall be on file and available for inspection in the appropriate offices of the Department of the Interior.
(g)
Definition of improved property— Section 4(d) of
Public Law 87–126 (
16 U.S.C. 459b–3(d)) is amended by adding at the end the following: “The term “improved property” includes any dwelling structure (including the land on which the structure is located) that is conveyed by the Secretary under this section in exchange for conveyance to, or acquisition by, the Secretary of an improved property described in this section.”.