To convey certain Federal land to the city of Yerington, Nevada.

Summary: Yerington Land Conveyance and Sustainable Development Act - Directs the Secretary of the Interior to convey to the city of Yerington, Nevada, all interest of the United States in the federal lands located in Lyon and Mineral Counties, Nevada, identified as "City of Yerington Sustainable Development Conveyance Lands" in exchange for consideration in an amount that is equal to their fair market value.

Makes the city of Yerington responsible for all survey, appraisal, and other administrative costs associated with the conveyance of such lands.

Releases the United States, upon such conveyance, from liabilities or claims of any kind or nature arising from the presence, release, or threat of release of any hazardous substance, pollutant, contaminant, petroleum product (or derivative thereof), solid waste, mine materials, or mining- related features on the federal land in existence on or before the date of the conveyance.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Yerington Land Conveyance and 
Sustainable Development Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the city of Yerington, Nevada, which has an 
        unemployment rate of 16 percent, has the highest unemployment 
        rate in the State of Nevada;
            (2) for over 4 years, the city of Yerington and Lyon 
        County, Nevada, have been working with private business 
        partners to develop a sustainable development plan that would 
        enable all parties to benefit from the use of private land 
        adjacent to the city of Yerington for potential commercial and 
        industrial development, mining activities, recreation 
        opportunities, and the expansion of community and cultural 
        events;
            (3) the sustainable development plan referred to in 
        paragraph (2) requires the conveyance of certain Federal land 
        administered by the Bureau of Land Management to the City for 
        consideration in an amount equal to the fair market value of 
        the Federal land;
            (4) the Federal land to be conveyed to the City under the 
        sustainable development plan has very few environmental, 
        historical, wildlife, or cultural resources of value to the 
        public, but is appropriate for responsible development;
            (5) the Federal land that would be conveyed to the City 
        under the sustainable development plan--
                    (A) is adjacent to the boundaries of the City; and
                    (B) would be used--
                            (i) to enhance recreational, cultural, 
                        commercial, and industrial development 
                        opportunities in the City;
                            (ii) for future economic development, 
                        regional use, and as an open space buffer to 
                        the City; and
                            (iii) to allow the City to provide critical 
                        infrastructure services;
            (6) commercial and industrial development of the Federal 
        land would enable the community to benefit from the 
        transportation, power, and water infrastructure that would be 
        put in place with the concurrent development of commercial and 
        industrial operations;
            (7) the conveyance of the Federal land would--
                    (A) help the City and County to grow; and
                    (B) provide additional tax revenue to the City and 
                County;
            (8) industrial and commercial development of the Federal 
        land would create thousands of long-term, high-paying jobs for 
        the City and County; and
            (9) the Lyon County Commission and the City unanimously 
        approved resolutions in support of the conveyance of the 
        Federal land because the conveyance would facilitate a 
        sustainable model for long-term economic and industrial 
        development.

SEC. 3. DEFINITIONS.

    In this title:
            (1) City.--The term ``City'' means the city of Yerington, 
        Nevada.
            (2) Federal land.--The term ``Federal land'' means the land 
        located in Lyon County and Mineral County, Nevada, that is 
        identified on the map as ``City of Yerington Sustainable 
        Development Conveyance Lands''.
            (3) Map.--The term ``map'' means the map entitled 
        ``Yerington Land Conveyance and Sustainable Development Act'' 
        and dated May 31, 2012.
            (4) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.

SEC. 4. CONVEYANCES OF LAND TO CITY OF YERINGTON, NEVADA.

    (a) In General.--Not later than 90 days after the date of enactment 
of this title, subject to valid existing rights, and notwithstanding 
the land use planning requirements of sections 202 and 203 of the 
Federal Land Policy and Management Act of 1976 (43 U.S.C. 1712, 1713), 
the Secretary shall convey to the City, subject to the City's agreement 
and in exchange for consideration in an amount equal to the fair market 
value of the Federal land, all right, title, and interest of the United 
States in and to the Federal land identified on the map.
    (b) Appraisal To Determine of Fair Market Value.--The Secretary 
shall determine the fair market value of the Federal land to be 
conveyed--
            (1) in accordance with the Federal Land Policy and 
        Management Act of 1976 (43 U.S.C. 1701 et seq.); and
            (2) based on an appraisal that is conducted in accordance 
        with nationally recognized appraisal standards, including--
                    (A) the Uniform Appraisal Standards for Federal 
                Land Acquisition; and
                    (B) the Uniform Standards of Professional Appraisal 
                Practice.
    (c) Availability of Map.--The map shall be on file and available 
for public inspection in the appropriate offices of the Bureau of Land 
Management.
    (d) Applicable Law.--Beginning on the date on which the Federal 
land is conveyed to the City, the development of and conduct of 
activities on the Federal land shall be subject to all applicable 
Federal laws (including regulations).
    (e) Administrative Costs.--The City shall be responsible for all 
survey, appraisal, and other administrative costs associated with the 
conveyance of the Federal land to the City under this title.

SEC. 5. RELEASE OF THE UNITED STATES.

    Upon making the conveyance under section 4, notwithstanding any 
other provision of law, the United States is released from any and all 
liabilities or claims of any kind or nature arising from the presence, 
release, or threat of release of any hazardous substance, pollutant, 
contaminant, petroleum product (or derivative of a petroleum product of 
any kind), solid waste, mine materials or mining related features 
(including tailings, overburden, waste rock, mill remnants, pits, or 
other hazards resulting from the presence of mining related features) 
on the Federal Land in existence on or before the date of the 
conveyance.