[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 865 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 865

   To provide for the sale of the Federal Government's reversionary 
  interest in approximately 60 acres of land in Salt Lake City, Utah, 
originally conveyed to the Mount Olivet Cemetery Association under the 
                        Act of January 23, 1909.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 22, 2009

  Mr. Bennett introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
   To provide for the sale of the Federal Government's reversionary 
  interest in approximately 60 acres of land in Salt Lake City, Utah, 
originally conveyed to the Mount Olivet Cemetery Association under the 
                        Act of January 23, 1909.

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

SECTION 1. CONVEYANCE OF FEDERAL REVERSIONARY INTEREST, MT. OLIVET 
              CEMETERY, SALT LAKE CITY, UTAH.

    (a) Conveyance Required.--If, after the completion of the appraisal 
required by subsection (b), the Mount Olivet Cemetery Association of 
Salt Lake City, Utah (in this section referred to as the 
``Association''), submits to the Secretary of the Interior an offer to 
acquire the Federal reversionary interest in all, or some portion, of 
the approximately 60 acres of land in Salt Lake City, Utah, conveyed to 
the Association under the Act of January 23, 1909 (chapter 37, 35 Stat. 
589), the Secretary shall convey to the Association such reversionary 
interest in the lands covered by the offer. The Secretary shall 
complete the conveyance not later than 30 days after the date of the 
offer.
    (b) Appraisal.--Not later than 180 days after the date of enactment 
of this Act, the Secretary shall complete an appraisal of the Federal 
reversionary interest in the lands described in subsection (a). The 
appraisal shall be completed in accordance with the ``Uniform Appraisal 
Standards for Federal Land Acquisitions'' and the ``Uniform Standards 
of Professional Appraisal Practice''. All costs associated with the 
appraisal shall be borne by the Association.
    (c) Consideration.--As consideration for the conveyance of the 
Federal reversionary interest under subsection (a), the Association 
shall pay to the Secretary an amount equal to the appraised value of 
the Federal interest, as determined under subsection (b). The 
consideration shall be paid not later than 30 days after the date the 
conveyance is made.
    (d) Costs of Conveyance.--As a condition of the conveyance under 
subsection (a), all costs associated with the conveyance under 
subsection (a), including the cost of the appraisal required by 
subsection (b), shall be paid by the Association.
    (e) Deposit and Use of Proceeds.--The Secretary shall deposit the 
proceeds from the conveyance under subsection (a) in the Federal Land 
Disposal Account established by section 206 of the Federal Land 
Transaction Facilitation Act (43 U.S.C. 2305). The proceeds so 
deposited shall be available to the Secretary for expenditure in 
accordance with subsection (c) of such section.
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