H.R. 5347 — what changed
Lyon County Economic Development and Environmental Remediation Act
From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.
Sec. 4 Conveyance of land; resolution of Federal liability
changed
Federal selected lands— Notwithstanding section 120(h) of CERCLA (42 U.S.C. 9620(h)), not later than 90 120 days after the date of the enactment of this Act, the Secretary shall convey all right, title, and interest (including mineral rights) of the United States in and to the Federal selected lands to Atlantic Richfield.
Covenant not To sue and indemnity— Upon conveyance of the Federal selected lands under subsection (a), and for full and complete compensation for those lands, Atlantic Richfield shall—
covenant not to sue and agree not to assert any claims or causes of action against the BLM or its contractors or employees with respect to CERCLA response costs that Atlantic Richfield has incurred or will incur at or relating to the Site; and
indemnify the United States against future liabilities that result from Atlantic Richfield’s activities on the Federal selected lands after the conveyance.
Equal value— The value of the Federal selected lands is deemed to be equal to or less than the United States portion of the CERCLA response costs at the Site and no further valuation is required for the purposes of this Act or the conveyance of the Federal selected lands under this Act.