University of Alaska Fiscal Foundation Act

Available State-selected land— The term available State-selected land means Federal land in the State that has been selected by the State, including land upon which the State has, prior to December 31, 1993, filed a future selection application under section 906(e) of the Alaska National Interest Lands Conservation Act (43 U.S.C. 1635(e)), but not conveyed or patented to the State, pursuant to Public Law 85–508 (commonly known as the “Alaska Statehood Act”) (48 U.S.C. note prec. 21).

Conservation system unit— The term conservation system unit has the meaning given the term in section 102 of the Alaska National Interest Lands Conservation Act (16 U.S.C. 3102).

Secretary— The term Secretary means the Secretary of the Interior, acting through the Director of the Bureau of Land Management.

State— The term State means the State of Alaska.

University— The term University means the University of Alaska, acting through the Board of Regents.

to identify and convey available State-selected land to the University to support higher education in the State; and

to acquire, by purchase or exchange, University-owned land located within conservation system units in the State.

In general— Not later than 2 years after the date of enactment of this Act, the State and the University may jointly identify not more than 500,000 acres of available State-selected land for inclusion in the program established under section 3, of which not more than 360,000 acres may be conveyed and patented to the University.

Technical assistance— Upon the request of the State and the University, the Secretary shall provide technical assistance in the identification of available State-selected land for inclusion in the program.

Maps— As soon as practicable after the date on which the available State-selected land is identified under subsection (a), the Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives 1 or more maps depicting the available State-selected land identified for conveyance to the University.

Conveyance— Subject to subsection (e), if the State and the University notify the Secretary in writing that the State and the University jointly concur with the conveyance of all or a portion of the available State-selected land identified under subsection (a), and that the State relinquishes its selection rights to the land covered by the notification, the Secretary shall convey the applicable identified available State-selected land to the University, subject to valid existing rights, in the same manner and subject to the same terms, conditions, and limitations as is applicable to the State under Public Law 85–508 (commonly known as the “Alaska Statehood Act”) (48 U.S.C. note prec. 21) and other applicable law, to be held in trust for the exclusive use and benefit of the University, to be administered in accordance with section 6.

In general— The Secretary or the Secretary of Agriculture, as appropriate, may acquire by purchase or exchange, with the consent of the University, University-owned inholdings within conservation system units in the State.

Appraisals— The value of the land to be exchanged or acquired under this section shall be determined by the Secretary through appraisals conducted—

Equal value exchanges— For any land exchange entered into under this section, the Federal land and University-owned inholdings exchanged shall be of equal value.

Purchase acquisitions— Pursuant to chapter 2003 of title 54, United States Code, amounts in the Land and Water Conservation Fund established by section 200302 of that title may be used for the purchase of University-owned inholdings within conservation system units in the State under this section.

Requirement— Any land acquired by the United States under this section shall be administered in accordance with the laws (including regulations) applicable to the conservation system unit in which the land is located.

to participate in the program established under section 3; or

to enter into sales or exchanges of University-owned inholdings within conservation system units under section 5.