[Congressional Record Volume 143, Number 140 (Thursday, October 9, 1997)]
[Senate]
[Page S10779]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   HINSDALE COUNTY LANDS EXCHANGE ACT

  The Senate proceeded to consider the bill (S. 587) to require the 
Secretary of the Interior to exchange certain lands located in Hinsdale 
County, Colorado, which had been reported from the Committee on Energy 
and Natural Resources, with an amendment to strike all after the 
enacting clause and inserting in lieu thereof the following:

     SECTION 1. LARSON AND FRIENDS CREEK EXCHANGE.

       (a) In General.--In exchange for conveyance to the United 
     States of an equal value of offered land acceptable to the 
     Secretary of the Interior that lies within, or in proximity 
     to, the Handies Peak Wilderness Study Area, the Red Cloud 
     Peak Wilderness Study Area, or the Alpine Loop Backcountry 
     Bi-way, in Hinsdale County, Colorado, the Secretary of the 
     Interior shall convey to Lake City Ranches, Ltd., a Texas 
     limited partnership (referred to in this section as ``LCR''), 
     approximately 560 acres of selected land located in that 
     county and generally depicted on a map entitled ``Larson and 
     Friends Creek Exchange'', dated June 1996.
       (b) Contingency.--The exchange under subsection (a) shall 
     be contingent on the granting by LCR to the Secretary of a 
     permanent conservation easement, on the approximately 440-
     acre Larson Creek portion of the selected land (as depicted 
     on the map), that limits future use of the land to 
     agricultural, wildlife, recreational, or open space purposes.
       (c) Appraisal and Equalization.--
       (1) In general.--The exchange under subsection (a) shall be 
     subject to--
       (A) the appraisal requirements and equalization payment 
     limitations set forth in section 206 of the Federal Land 
     Policy and Management Act of 1976 (43 U.S.C. 1716); and
       (B) reviews and approvals relating to threatened species 
     and endangered species, cultural and historic resources, and 
     hazardous materials under other Federal laws.
       (2) Costs of appraisal and review.--The costs of appraisals 
     and reviews shall be paid by LCR.
       (3) Crediting.--The Secretary may credit payments under 
     paragraph (2) against the value of the selected land, if 
     appropriate, under section 206(f) of the Federal Land Policy 
     and Management Act of 1976 (43 U.S.C. 1716(f)).

  The committee amendment was agreed to.
  The bill (S. 587), as amended, was read the third time and passed.

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