1.This Act may be cited as the
Utah Public Land Conveyance Act of
2007
.
2.
(1)The
term City means Park City, Utah.
(2)The
term Secretary means the Secretary of the Interior.
3.Conveyance of public
land in City
(a)Not later than 180 days after the date of enactment of
this Act, notwithstanding sections 202 and 203 of the Federal Land Policy and
Management Act of 1976 (43 U.S.C. 1712, 1713), the Secretary, subject to valid
existing rights, shall convey to the City all right, title, and interest of the
United States in and to the parcels of Federal land described in subsection
(b).
(b)The parcels of Federal land referred to in subsection (a)
consist of—
(1)parcel 8
(commonly known as the White Acre parcel
); and
(2)parcel 16
(commonly known as the Gamble Acre parcel
).
(c)As
consideration for the conveyance of the Federal land under subsection (a), the
City shall pay to the Secretary an amount not less than the fair market value
of the Federal land, as determined by the Secretary.
(d)
(1)Subject to paragraph (2), the conveyance of the
Federal land under subsection (a) shall be by 1 or more deeds that require that
the Federal land shall be used only for—
(A)recreational and
public open space purposes; or
(B)any other
purposes relating to the maintenance of the Federal land as open space, as
determined by the Secretary.
(2)Construction of
structuresThe requirement described in paragraph (1) shall not
prohibit the construction or maintenance of recreational facilities, utilities,
or other structures that are consistent with—
(A)the maintenance
of the Federal land as open space; or
(B)the recreational
purposes of the Federal land.
4.Auction of public
land in City
(a)Not later than 180 days after the date of enactment of
this Act, notwithstanding sections 202 and 203 of the Federal Land Policy and
Management Act of 1976 (43 U.S.C. 1712, 1713), the Secretary, subject to valid
existing rights, shall conduct sales of the Federal land described in
subsection (b) to qualified bidders.
(b)The parcels of Federal land referred to in subsection (a)
consist of—
(1)parcel 17;
and
(2)parcel 18.
(c)Method of sale;
considerationThe sale of Federal land under subsection (a) shall
be—
(1)unless otherwise
determined by the Secretary, through a competitive bidding process;
(2)for not less than
fair market value; and
(3)in accordance
with the Federal Land Management Policy Act of 1976 (43 U.S.C. 1701 et seq.),
except for subsections (d) and (f) of section 203 of the Federal Land
Management Policy Act of 1976 (43 U.S.C. 1713).
5.Disposition of
land sales proceeds
(a)The gross proceeds from the sales of land described in
sections 3(a) and 4(a) shall be deposited in a special account in the Treasury
of the United States and shall be available to the Secretary, without further
appropriation and until expended, for—
(1)the reimbursement
of costs incurred by the Bureau of Land Management in preparing for the sales
of land described in sections 3(a) and 4(a), including the costs of—
(A)surveys;
(B)appraisals;
and
(C)complying with
applicable Federal laws; and
(2)environmental restoration projects that
are—
(A)located on Bureau of Land Management land;
and
(B)administered by the Salt Lake City Field
Office of the Bureau of Land Management.
(b)Investment of
special accountAny amounts deposited in the special account
shall earn interest in an amount determined by the Secretary of the Treasury on
the basis of the current average market yield on outstanding marketable
obligations of the United States of comparable maturities, and may be expended
in accordance with this section.