[Congressional Record (Bound Edition), Volume 145 (1999), Part 10]
[Senate]
[Pages 14500-14501]
[From the U.S. Government Publishing Office, www.gpo.gov]



                     LAKE OCONEE LAND EXCHANGE ACT

  Mr. ASHCROFT. Mr. President, I ask unanimous consent that the Senate 
now proceed to the consideration of Calendar No. 162, S. 604.
  The PRESIDING OFFICER. The clerk will report.
  The assistant legislative clerk read as follows:

       A bill (S. 604) to direct the Secretary of Agriculture to 
     complete a land exchange with Georgia Power Company.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. ASHCROFT. I ask unanimous consent the bill be considered read a 
third time and passed, the motion to reconsider be laid upon the table, 
and that any statements relating to the bill be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 604) was considered read the third time and passed, as 
follows:

                                 S. 604

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

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Lake Oconee Land Exchange 
     Act''.

     SEC. 2. LAKE OCONEE LAND EXCHANGE.

       (a) Definitions.--In this section:
       (1) Description of the boundary.--The term ``description of 
     the boundary'' means the documents entitled ``Description of 
     the Boundary'' dated September 6, 1996, prepared by the 
     Forest Service and on file with the Secretary.
       (2) Exchange agreement.--The term ``exchange agreement'' 
     means the agreement between Georgia Power Company and the 
     Forest Service dated December 26, 1996, as amended on August 
     17, 1998, on file with the Secretary.
       (3) Georgia power company.--The term ``Georgia Power 
     Company'' means Georgia Power Company, a division of the 
     Southern Company, a Georgia corporation, or its successors or 
     assigns.
       (4) Secretary.--The term ``Secretary'' means the Secretary 
     of Agriculture.
       (b) Land Exchange.--
       (1) In general.--Simultaneously with conveyance by Georgia 
     Power Company to the Secretary of all right, title, and 
     interest in and to the land described in paragraph (2), the 
     Secretary shall--
       (A) convey to Georgia Power Company all right, title, and 
     interest in and to the land described in paragraph (3), 
     except as provided in the exchange agreement; and
       (B) make a value equalization payment of $23,250 to Georgia 
     Power Company.
       (2) Land to be conveyed to the secretary.--The land 
     described in this paragraph is the land within or near the 
     Chattahoochee National Forest and Oconee National Forest in 
     the State of Georgia, comprising approximately 1,175.46 
     acres, described in the exchange agreement and the 
     description of the boundary.
       (3) Land to be conveyed to georgia power company.--The land 
     described in this paragraph is the land in the State of 
     Georgia, comprising approximately 1,275.80 acres, described 
     in the exchange agreement and the description of the 
     boundary.
       (c) Partial Revocation of Withdrawals.--

[[Page 14501]]


       (1) In general.--The orders issued by the Federal Energy 
     Regulatory Commission under section 24 of the Federal Power 
     Act (16 U.S.C. 818), authorizing Power Project Numbers 2413 
     and 2354, issued August 6, 1969, and October 1, 1996, 
     respectively, are revoked insofar as the orders affect the 
     land described in subsection (b)(3).
       (2) No annual charge.--No interest conveyed to Georgia 
     Power Company or easement right retained by Georgia Power 
     Company under this section shall be subject to an annual 
     charge for the purpose of compensating the United States for 
     the use of its land for power purposes.

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