II 112th CONGRESS 1st Session S. 1215 IN THE SENATE OF THE UNITED STATES June 16, 2011 Mr. Kerry introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To provide for the exchange of land located in the Lowell National Historical Park, and for other purposes.

1.

Short title

This Act may be cited as the Lowell National Historical Park Land Exchange Act of 2011 .

2.

Land exchange; loans

(a)

Land exchange

Section 202 of Public Law 95–290 (16 U.S.C. 410cc–22) is amended by adding at the end the following: (d)

Land exchange

(1)

In general

The Secretary may exchange any Federal land or interest in Federal land within the boundaries of the park for any non-Federal land or interest in non-Federal land owned by the State of Massachusetts, the city of Lowell, or the University of Massachusetts Building Authority. (2)

Conditions

Except as provided in paragraph (3), any exchange under this subsection shall be subject to— (A)the laws (including regulations) and policies applicable to exchanges of land administered by the National Park Service; and (B)any other terms and conditions that the Secretary determines to be necessary. (3)

Cash equalization

(A)

In general

If facilities or infrastructure required for the management and operation of the park are located on the Federal land to be exchanged and the value of the Federal land and non-Federal land is not of equal value, the value shall be equalized by making a cash equalization payment to the Secretary. (B)

Cash equalization payments

Any cash equalization payments received by the Secretary under subparagraph (A) shall be— (i)credited to a special account established in the Treasury; and (ii)made available, without further appropriation, for the purpose of replacing the facilities and infrastructure located on the Federal land. (C)

Limitation

The Secretary shall not be required to equalize the value of the Federal land and non-Federal land exchanged under this subsection if the non-Federal land exceeds the value of the Federal land. . (b)

Loans to Lowell Development and Financial Corporation

Section 303(a)(1) of Public Law 95–290 (16 U.S.C. 410cc–33) is amended by striking thirty-five years and inserting 60 years.

3.

Authorization of appropriations

There are authorized to be appropriated such sums as are necessary to carry out the amendments made by section 2.