(a)
In general— If the Alaska Mental Health Trust offers to convey to the Secretary, in the 2 phases described in subsection (n), all right, title, and interest of the Alaska Mental Health Trust in and to the non-Federal land, the Secretary shall simultaneously convey to the Alaska Mental Health Trust, in the 2 phases described in subsection (n), all right, title, and interest of the United States in and to the Federal land.
(b)
Condition on acceptance— Title to any non-Federal land conveyed by the Alaska Mental Health Trust to the Secretary under subsection (a) shall be in a form that is acceptable to the Secretary.
(c)
Valid existing rights— Unless otherwise agreed to by the Secretary and the Alaska Mental Health Trust, the conveyances under subsection (a) shall be subject to any valid existing rights, reservations, rights-of-way, or other encumbrances of third parties in, to, or on the Federal land and the non-Federal land as of the date of enactment of this Act.
(d)
Reciprocal road easements—
(1)
In general— In conveying the Federal land and the non-Federal land under subsection (a), the Secretary and the Alaska Mental Health Trust shall exchange at no cost reciprocal easements on existing roads as necessary to access the parcels each party acquires in the exchange.
(2)
Public access— The reciprocal easements exchanged under paragraph (1) shall provide for public access.
(3)
Cost-share agreement— The Secretary and the Alaska Mental Health Trust may enter into a separate cost-share agreement to cover the cost of road maintenance with respect to the reciprocal easements exchanged under paragraph (1).
(e)
K–3 parcel landfill buffer—
(1)
In general— As a condition of the exchange under subsection (a), in conveying the parcel of non-Federal land described in section 3(4)(C) to the United States, the Alaska Mental Health Trust shall grant to the United States a 300-foot conservation easement abutting that parcel along the interface of the parcel and the City of Ketchikan landfill (as in existence on the date of enactment of this Act), as generally depicted on map 1.
(2)
Development and ownership— The conservation easement described in paragraph (1) shall remain undeveloped and in the ownership of the Alaska Mental Health Trust.
(3)
Equalization— The value of the conservation easement described in paragraph (1) shall be included in the value of the non-Federal land for purposes of equalizing the values of the Federal land and the non-Federal land under subsection (j).
(f)
Research easements—
(1)
In general— In order to allow time for the completion of research activities of the Forest Service that are ongoing as of the date of enactment of this Act, in conveying the Federal land to the Alaska Mental Health Trust under subsection (a), the Secretary shall reserve research easements for the following Forest Service study plots (as in existence on the date of enactment of this Act):
(A)
The Sarkar research easement study plot on the parcel of Federal land described in section 3(2)(B), as generally depicted on map 8, to remain in effect for the 10-year period beginning on the date of enactment of this Act.
(B)
The Naukati commercial thinning study plot on the parcel of Federal land described in section 3(2)(B), as generally depicted on map 8, to remain in effect for the 15-year period beginning on the date of enactment of this Act.
(C)
The POW Yatuk study plot on the parcel of Federal land described in section 3(2)(A), as generally depicted on map 8, to remain in effect for the 10-year period beginning on the date of enactment of this Act.
(D)
The POW Naukati study plot on the parcel of Federal land described in section 3(2)(D), as generally depicted on map 8, to remain in effect for the 10-year period beginning on the date of enactment of this Act.
(E)
The Revilla George study plot on the parcel of Federal land described in section 3(2)(G), as generally depicted on map 8, to remain in effect for the 10-year period beginning on the date of enactment of this Act.
(2)
Prohibited activities— The Alaska Mental Health Trust shall not construct any new road or harvest timber on any study plot covered by a research easement described in paragraph (1) during the period described in subparagraph (A), (B), (C), (D), or (E) of that paragraph, as applicable.
(g)
Area of karst concern—
(1)
In general— In conveying the parcels of Federal land described in subparagraphs (A) and (D) of section 3(2) to the Alaska Mental Health Trust under subsection (a), the Secretary shall reserve to the United States a conservation easement that shall protect the aquatic and riparian habitat within the area labeled “Conservation Easement”, as generally depicted on map 8.
(2)
Prohibited activities— The conservation easement described in paragraph (1) shall prohibit within the area covered by the conservation easement—
(A)
new road construction and timber harvest within 100 feet of any anadromous water bodies (including underground water bodies); and
(B)
commercial mineral extraction.
(h)
Compliance with applicable law— Prior to completing each phase of the land exchange described in subsection (n), the Secretary shall complete, for the land to be conveyed in the applicable phase, any necessary land surveys and required preexchange clearances, reviews, mitigation activities, and approvals relating to—
(1)
threatened and endangered species;
(2)
cultural and historic resources;
(3)
wetland and floodplains; and
(i)
Appraisals—
(1)
In general— Not later than 90 days after the date of enactment of this Act—
(A)
the Secretary and the Alaska Mental Health Trust shall select an appraiser to conduct appraisals of the Federal land and the non-Federal land; and
(B)
the Secretary shall issue all appraisal instructions for those appraisals.
(2)
Requirements—
(A)
In general— All appraisals under paragraph (1) shall be conducted in accordance with nationally recognized appraisal standards, including—
(i)
the Uniform Appraisal Standards for Federal Land Acquisitions; and
(ii)
the Uniform Standards of Professional Appraisal Practice.
(B)
Final appraised value—
(i)
In general— During the 3-year period beginning on the date on which the final appraised values of the Federal land and the non-Federal land for each phase of the exchange described in subsection (n) are approved by the Secretary, the Secretary shall not be required to reappraise or update the final appraised values of the Federal land and the non-Federal land.
(ii)
Exchange agreement— Beginning on the date of entrance into an exchange agreement under subsection (a), no reappraisal or updates to the final appraised values of the Federal land and the non-Federal land approved by the Secretary shall be required.
(3)
Public review— Before completing each phase of the land exchange described in subsection (n), the Secretary shall make available for public review summaries of the appraisals of the Federal land and the non-Federal land for the applicable phase.
(j)
Equal value land exchange—
(1)
In general— The value of the Federal land and the non-Federal land to be exchanged under subsection (a) shall be—
(B)
equalized in accordance with this subsection.
(2)
Surplus of Federal land value—
(A)
In general— If the final appraised value of the Federal land (after applying any cash equalization credit or debit from phase 1 of the exchange under subsection (n)(2)) exceeds the final appraised value of the non-Federal land in phase 2 of the exchange, notwithstanding subsection (a), 1 or more parcels, or 1 or more portions of parcels, of the Federal land, as determined by the Alaska Mental Health Trust after consultation with the Secretary, shall be removed from the conveyance to the Alaska Mental Health Trust by—
(i)
removing parcels in accordance with subparagraph (B) until, to the maximum extent practicable, approximate equal value is achieved; and
(ii)
equalizing any remaining difference in value in accordance with paragraph (4).
(B)
Order of priority— Parcels shall be removed under subparagraph (A)(i) in the reverse order of the parcels described in subparagraphs (A) through (G) of section 3(2).
(3)
Surplus of non-Federal land value—
(A)
In general— If the final appraised value of the non-Federal land (after applying any cash equalization credit or debit from phase 1 of the exchange under subsection (n)(2)) exceeds the final appraised value of the Federal land in phase 2 of the exchange, notwithstanding subsection (a), 1 or more parcels, or 1 or more portions of parcels, of the non-Federal land, as determined by the Alaska Mental Health Trust after consultation with the Secretary, shall be removed from the conveyance to the United States by—
(i)
removing parcels in accordance with subparagraph (B) until, to the maximum extent practicable, approximate equal value is achieved; and
(ii)
equalizing any remaining difference in value in accordance with paragraph (4).
(B)
Order of priority— Parcels shall be removed under subparagraph (A)(i) in the reverse order of the parcels, as described in subparagraphs (A) through (T) of section 3(4).
(C)
Waiver of cash equalization— In order to expedite completion of the exchange, if the values of the Federal land and the non-Federal land cannot be exactly equalized under this paragraph, the Alaska Mental Health Trust may, at its sole discretion, elect to waive any cash equalization payment that would otherwise be due from the United States under paragraph (4).
(4)
Remaining difference— Any remaining difference in value shall be equalized under paragraph (2)(A)(ii) or (3)(A)(ii), as applicable, by—
(A)
removal of a portion of a parcel of the Federal land or the non-Federal land, as applicable, as determined by the Alaska Mental Health Trust after consultation with the Secretary;
(B)
the payment of a cash equalization, as necessary, by the Secretary or the Alaska Mental Health Trust, as appropriate, in accordance with section 206(b) of the Federal Land Policy and Management Act of 1976 (
43 U.S.C. 1716(b)); or
(C)
a combination of the methods described in subparagraphs (A) and (B), as determined by the Alaska Mental Health Trust after consultation with the Secretary.
(k)
Costs— As a condition of the land exchange under this Act, the Alaska Mental Health Trust shall agree to pay, without compensation, all costs that are associated with each phase of the exchange described in subsection (n), including—
(1)
all costs to complete the land surveys, appraisals, and environmental reviews described in subsection (h) such that the exchange may be completed in accordance with the deadlines described in subsection (n); and
(2)
on request of the Secretary, reimbursement of costs for agency staff, additional agency staff, or third-party contractors appropriate such that the exchange may be completed in accordance with the deadlines described in subsection (n).
(l)
Land surveys, approvals, uses—
(1)
Survey instructions— Not later than 90 days after the date of enactment of this Act, the Secretary of the Interior shall issue survey instructions to assist in the timely completion of all land surveys necessary to complete the land exchange under subsection (a) in accordance with the deadlines described in subsection (n).
(2)
Surveys— Unless otherwise agreed to by the Secretary and the Alaska Mental Health Trust, after consultation with the Secretary of the Interior, land surveys shall not be required for—
(A)
any portion of the boundaries of the non-Federal land that is contiguous to—
(i)
National Forest System land, as in existence on the date of enactment of this Act; or
(ii)
land that has been surveyed or lotted as of the date of enactment of this Act;
(B)
any portion of the boundaries of the Federal land that is contiguous to—
(i)
land owned as of the date of enactment of this Act by—
(I)
the Alaska Mental Health Trust; or
(ii)
land that has been surveyed or lotted as of the date of enactment of this Act;
(C)
any portion of the boundaries that the Secretary and the Alaska Mental Health Trust agree, after consultation with the Secretary of the Interior, is adequately defined by a survey, mapping, or aliquot part, or other legal description; and
(D)
any portion of the boundaries of the non-Federal land that—
(i)
the United States tentatively conveyed to the State without survey;
(ii)
is being reconveyed to the United States in the land exchange under subsection (a); and
(iii)
is not surveyed as of the date of enactment of this Act.
(3)
Use of land— Any Federal land or non-Federal land that is conveyed to the Alaska Mental Health Trust or the United States under subsection (a) shall, on the conveyance—
(A)
become the property of the party to which the land is conveyed; and
(B)
be available to the party to which the land is conveyed for all uses permitted under applicable laws (including regulations).
(m)
Parcel adjustment— If a portion of a parcel of the Federal land or the non-Federal land to be conveyed under subsection (a) cannot be conveyed due to the presence of hazardous materials—
(1)
the portion shall be removed from the exchange; and
(2)
the final exchange values shall be equalized in accordance with subsection (j).
(n)
Land exchange phases—
(1)
In general— The land exchange under subsection (a) shall be completed in 2 phases, as described in paragraphs (2) and (3).
(2)
Phase 1—
(A)
In general— Subject to subparagraph (B) and subsection (j), not later than 1 year after the date of enactment of this Act—
(i)
the Secretary shall convey to the Alaska Mental Health Trust the parcel of Federal land described in section 3(2)(A); and
(ii)
the Alaska Mental Health Trust shall convey to the United States the parcels of non-Federal land described in subparagraphs (A) and (B) of section 3(4).
(B)
Conditions— Subparagraph (A) shall be subject to the following conditions:
(i)
The land conveyed under this subparagraph shall be appraised—
(I)
separately from the land described in paragraph (3); but
(II)
in accordance with the nationally recognized appraisal standards described in subsection (i)(2)(A).
(ii)
Any cash equalization payment that would otherwise be necessary to be paid by the Secretary or the Alaska Mental Health Trust on the completion of the conveyance under this paragraph shall be—
(I)
deferred until the completion of the conveyance under paragraph (3); and
(II)
debited or credited, as appropriate, to any final land or cash equalization that may be due from either party on the completion of the conveyance under paragraph (3).
(3)
Phase 2— Subject to subsection (j), not later than 2 years after the date of enactment of this Act—
(A)
the Secretary shall convey to the Alaska Mental Health Trust the Federal land described in subparagraphs (B) through (G) of section 3(2); and
(B)
the Alaska Mental Health Trust shall convey to the United States the non-Federal land described in subparagraphs (C) through (T) of section 3(4).