[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 409 Referred in Senate (RFS)]

111th CONGRESS
  1st Session
                                H. R. 409


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 20, 2009

   Received; read twice and referred to the Committee on Energy and 
                           Natural Resources

_______________________________________________________________________

                                 AN ACT


 
To provide for the conveyance of certain Bureau of Land Management land 
 in the State of Nevada to the Las Vegas Motor Speedway, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEFINITIONS.

    In this Act:
            (1) Federal land.--The term ``Federal land'' means the 
        approximately 115 acres of Bureau of Land Management land 
        identified on the map as ``Lands identified for Las Vegas 
        Speedway Parking Lot Expansion''.
            (2) Map.--The term ``map'' means the map titled ``Las Vegas 
        Speedway Parking Lot Expansion'', dated March 6, 2009, and on 
        file in the Office of the Director of the Bureau of Land 
        Management.
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.

SEC. 2. CONVEYANCE OF FEDERAL LAND TO NEVADA SPEEDWAY.

    (a) In General.--If Nevada Speedway, LLC, submits to the Secretary 
an offer to acquire the Federal land for the appraised value, 
notwithstanding the land use planning requirements of section 202 and 
203 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 
1712, 1713), the Secretary shall convey to Nevada Speedway, LLC, all 
right, title, and interest in and to the Federal land, subject to valid 
existing rights.
    (b) Appraisal.--
            (1) In general.--Not later than 120 days after the date of 
        enactment of this Act, the Secretary shall complete an 
        appraisal of the Federal land.
            (2) Applicable law.--The appraisal under paragraph (1) 
        shall be conducted in accordance with--
                    (A) the Uniform Appraisal Standards for Federal 
                Land Acquisitions; and
                    (B) the Uniform Standards of Professional Appraisal 
                Practice.
            (3) Costs.--All costs associated with the appraisal 
        required under paragraph (1) shall be paid by Nevada Speedway, 
        LLC.
    (c) Payment of Consideration.--As a condition of the conveyance, 
Nevada Speedway, LLC, shall pay to the Secretary an amount equal to the 
appraised value of the Federal land, as determined under subsection 
(b).
    (d) Costs of Conveyance.--As a condition of the conveyance, any 
costs of the conveyance under subsection (a) shall be paid by Nevada 
Speedway, LLC.
    (e) Reversion.--If Nevada Speedway, LLC, or any subsequent owner of 
the Federal land conveyed under subsection (a), uses the Federal land 
for purposes other than a parking lot for the Nevada Motor Speedway, 
all right, title, and interest in and to the land (and any improvements 
to the land) shall revert to the United States at the discretion of the 
Secretary.
    (f) Compliance.--Except as otherwise provided in this Act, the 
conveyance authorized in this section shall be carried out in 
compliance with all laws and regulations applicable to the conveyance 
of Federal land.

SEC. 3. WITHDRAWAL OF FEDERAL LAND.

    (a) Withdrawal.--Except as provided in section 2(a) and subject to 
valid existing rights, the Federal land is withdrawn from--
            (1) all forms of entry, appropriation, and disposal under 
        the public land laws;
            (2) location, entry, and patent under the mining laws; and
            (3) operation of the mineral leasing, mineral materials, 
        and geothermal leasing laws.
    (b) Termination.--If 2 years after the date of the enactment of 
this Act, the conveyance authorized under section 2 has not been 
executed, the withdrawal under subsection (a) shall have no force or 
effect.

SEC. 4. SUNSET.

    The authority provided to the Secretary under this Act shall 
terminate 5 years after the date of the enactment of this Act.

            Passed the House of Representatives July 16, 2009.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.