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[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 409 Reported in House (RH)]

                                                 Union Calendar No. 106
111th CONGRESS
  1st Session
                                H. R. 409

                          [Report No. 111-199]

To provide for the conveyance of certain Bureau of Land Management land 
 in the State of Nevada to the Las Vegas Motor Speedway, and for other 
                               purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 9, 2009

  Mr. Heller introduced the following bill; which was referred to the 
                     Committee on Natural Resources

                             July 10, 2009

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
[For text of introduced bill, see copy of bill as introduced on January 
                                9, 2009]

_______________________________________________________________________

                                 A BILL

 
To provide for the conveyance of certain Bureau of Land Management land 
 in the State of Nevada to the Las Vegas Motor Speedway, 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. DEFINITIONS.

    In this Act:
            (1) Federal land.--The term ``Federal land'' means the 
        approximately 115 acres of Bureau of Land Management land 
        identified on the map as ``Lands identified for Las Vegas 
        Speedway Parking Lot Expansion''.
            (2) Map.--The term ``map'' means the map titled ``Las Vegas 
        Speedway Parking Lot Expansion'', dated March 6, 2009, and on 
        file in the Office of the Director of the Bureau of Land 
        Management.
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.

SEC. 2. CONVEYANCE OF FEDERAL LAND TO NEVADA SPEEDWAY.

    (a) In General.--If Nevada Speedway, LLC, submits to the Secretary 
an offer to acquire the Federal land for the appraised value, 
notwithstanding the land use planning requirements of section 202 and 
203 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 
1712, 1713), the Secretary shall convey to Nevada Speedway, LLC, all 
right, title, and interest in and to the Federal land, subject to valid 
existing rights.
    (b) Appraisal.--
            (1) In general.--Not later than 120 days after the date of 
        enactment of this Act, the Secretary shall complete an 
        appraisal of the Federal land.
            (2) Applicable law.--The appraisal under paragraph (1) 
        shall be conducted in accordance with--
                    (A) the Uniform Appraisal Standards for Federal 
                Land Acquisitions; and
                    (B) the Uniform Standards of Professional Appraisal 
                Practice.
            (3) Costs.--All costs associated with the appraisal 
        required under paragraph (1) shall be paid by Nevada Speedway, 
        LLC.
    (c) Payment of Consideration.--As a condition of the conveyance, 
Nevada Speedway, LLC, shall pay to the Secretary an amount equal to the 
appraised value of the Federal land, as determined under subsection 
(b).
    (d) Costs of Conveyance.--As a condition of the conveyance, any 
costs of the conveyance under subsection (a) shall be paid by Nevada 
Speedway, LLC.
    (e) Reversion.--If Nevada Speedway, LLC, or any subsequent owner of 
the Federal land conveyed under subsection (a), uses the Federal land 
for purposes other than a parking lot for the Nevada Speedway, all 
right, title, and interest in and to the land (and any improvements to 
the land) shall revert to the United States at the discretion of the 
Secretary.
    (f) Disposition of Proceeds.--The Secretary shall deposit the 
proceeds from the conveyance of Federal land under subsection (a) in 
the Federal Land Disposal Account established under section 206(a) of 
the Federal Land Transaction Facilitation Act (43 U.S.C. 2305(a)).
    (g) Compliance.--Except as otherwise provided in this Act, the 
conveyance authorized in this section shall be carried out in 
compliance with all laws and regulations applicable to the conveyance 
of Federal land.

SEC. 3. WITHDRAWAL OF FEDERAL LAND.

    (a) Withdrawal.--Except as provided in section 2(a) and subject to 
valid existing rights, the Federal land is withdrawn from--
            (1) all forms of entry, appropriation, and disposal under 
        the public land laws;
            (2) location, entry, and patent under the mining laws; and
            (3) operation of the mineral leasing, mineral materials, 
        and geothermal leasing laws.
    (b) Termination.--If two years after the date of the enactment of 
this Act, the conveyance authorized under section 2 has not been 
executed, the withdrawal under subsection (a) shall have no force or 
effect.

SEC. 4. SUNSET.

    The authority provided to the Secretary under this Act shall 
terminate 5 years after the date of the enactment of this Act.
                                                 Union Calendar No. 106

111th CONGRESS

  1st Session

                               H. R. 409

                          [Report No. 111-199]

_______________________________________________________________________

                                 A BILL

To provide for the conveyance of certain Bureau of Land Management land 
 in the State of Nevada to the Las Vegas Motor Speedway, and for other 
                               purposes.

_______________________________________________________________________

                             July 10, 2009

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
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