Section 1 Short title
This Act may be cited as the “Truckee Meadows Special Account Establishment Act”.
Truckee Meadows Special Account Establishment Act
A BILL
To provide for the disposition of proceeds from sales of Bureau of Land Management land and National Forest System land in Washoe County, Nevada, and for other purposes.
Sec. 2 Definitions
Definitions— In this Act:
County— The term County means Washoe County, Nevada.
Secretary concerned— The term Secretary concerned means—
the Secretary of the Interior, with respect to Bureau of Land Management land; and
the Secretary of Agriculture, with respect to National Forest System land.
Special account— The term “special account” means the account in the Treasury of the United States established by section 3(a)(3).
State— The term State means the State of Nevada.
Sec. 3 Disposition of proceeds from sales of certain Federal land in Washoe County, Nevada
Disposition of proceeds— Notwithstanding any other provision of law, of the proceeds from any sale of Bureau of Land Management or National Forest System land in the County after the date of enactment of this Act—
5 percent shall be disbursed to the State for use in the general education programs of the State;
10 percent shall be disbursed to the County, the city of Reno, Nevada, and the city of Sparks, Nevada, for conservation projects along the Truckee River; and
85 shall be deposited in a special account in the Treasury of the United States, to be known as the “Truckee Meadows Special Account”, which shall be available to the Secretary concerned, without further appropriation and without fiscal year limitation, for—
the acquisition of environmentally sensitive land in the State in accordance with section 5 of the Southern Nevada Public Land Management Act of 1998 (Public Law 105–263; 112 Stat. 2347), with priority given to land located in the County;
the costs of—
processing and managing designations in the National Landscape Conservation System within the County; and
managing the Mount Rose Wilderness;
the development of parks, trails, and natural areas in the County pursuant to an appropriate financial assistance agreement with the County, the city of Reno, Nevada, and the city of Sparks, Nevada;
the development and implementation of comprehensive, cost-effective, multijurisdictional hazardous fuels reduction and wildfire prevention plans for the County and the Lake Tahoe Basin, pursuant to an appropriate financial assistance agreement;
the development and implementation of fuels reduction projects and forest and rangeland restoration projects on Humboldt-Toiyabe National Forest System land within the County;
the conduct of Federal environmental restoration projects included in the environmental improvement program adopted by the Tahoe Regional Planning Agency in accordance with the Lake Tahoe Restoration Act (Public Law 106–506; 114 Stat. 2351);
capital improvements in areas of the County administered by the Secretary concerned;
the reimbursement of costs incurred by the Secretary concerned in carrying out sales or exchanges of Bureau of Land Management land or National Forest System land in the County;
the reimbursement of any costs incurred by the local office of the Bureau of Land Management or Forest Service to clear debris from and protect Bureau of Land Management land or National Forest System land in the County that is available for disposal or reserved for affordable housing; and
the reimbursement of any costs incurred by the Secretary concerned for oversight of expenditures from the special account under this paragraph.
Investment of special account— Any amounts deposited in the special account—
shall earn interest in an amount determined by the Secretary of the Treasury, based on the current average market yield on outstanding marketable obligations of the United States of comparable maturities; and
may be expended by the Secretary concerned in accordance with subsection (a)(3).