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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1215 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1215

  To provide for the exchange of land located in the Lowell National 
                Historical Park, and for other purposes.

_______________________________________________________________________

                   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.

    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 ``Lowell National Historical Park Land 
Exchange Act of 2011''.

SEC. 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''.

SEC. 3. AUTHORIZATION OF APPROPRIATIONS.

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