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109TH CONGRESS 

1ST SESSION H. R. 1467 

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 

APRIL 5, 2005 

Mr. GIBBONS (for himself, Mr. PORTER, and Ms. BERKLEY) introduced the 

following bill; which was referred to the Committee on Resources 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. DEFINITIONS. 

4 In this Act: 

5 (1) FEDERAL LAND.—The term ‘‘Federal land’’ 

6 means the approximately 115 acres of Bureau of 

7 Land Management land identified on the map as 

8 ‘‘Lands identified for Las Vegas Speedway Parking 

9 Lot Expansion’’. 
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1 (2) MAP.—The term ‘‘map’’ means the map en2 titled ‘‘Las Vegas Motor Speedway Improvement 

3 Act’’, dated February 4, 2005, and on file in the Of4 fice of the Director of the Bureau of Land Manage5 ment. 

6 (3) SECRETARY.—The term ‘‘Secretary’’ means 

7 the Secretary of the Interior. 

8 SEC. 2. CONVEYANCE OF FEDERAL LAND TO NEVADA 

9 SPEEDWAY. 

10 (a) IN GENERAL.—If, not later than 30 days after 

11 the date of completion of the appraisal required under sub12 section (b), Nevada Speedway, LLC, submits to the Sec13 retary an offer to acquire the Federal land for the ap14 praised value, notwithstanding the land use planning re15 quirements of section 202 and 203 of the Federal Land 

16 Policy and Management Act of 1976 (43 U.S.C. 1712, 

17 1713), the Secretary shall, not later than 30 days after 

18 the date of the offer, convey to Nevada Speedway, LLC, 

19 the Federal land, subject to valid existing rights. 

20 (b) APPRAISAL.— 

21 (1) IN GENERAL.—Not later than 90 days after 

22 the date of enactment of this Act, the Secretary 

23 shall complete an appraisal of the Federal land. 
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1 (2) APPLICABLE LAW.—The appraisal under 

2 paragraph (1) shall be conducted in accordance 

3 with— 

4 (A) the Uniform Appraisal Standards for 

5 Federal Land Acquisitions; and 

6 (B) the Uniform Standards of Professional 

7 Appraisal Practice. 

8 (3) COSTS.—All costs associated with the ap9 praisal required under paragraph (1) shall be paid 

10 by Nevada Speedway, LLC. 

11 (c) PAYMENT OF CONSIDERATION.—Not later than 

12 30 days after the date on which the Federal land is con13 veyed under subsection (a), as a condition of the convey14 ance, Nevada Speedway, LLC, shall pay to the Secretary 

15 an amount equal to the appraised value of the Federal 

16 land, as determined under subsection (b). 

17 (d) COSTS OF CONVEYANCE.—As a condition of the 

18 conveyance, any costs of the conveyance under subsection 

19 (a) shall be paid by Nevada Speedway, LLC. 

20 (e) REVERSION.—If Nevada Speedway, LLC, or any 

21 subsequent owner of the Federal land conveyed under sub22 section (a), uses the Federal land for purposes other than 

23 a parking lot for the Nevada Speedway, all right, title, 

24 and interest in and to the land (and any improvements 
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1 to the land) shall revert to the United States at the discre2 tion of the Secretary. 

3 (f) DISPOSITION OF PROCEEDS.—The Secretary shall 

4 deposit the proceeds from the conveyance of Federal land 

5 under subsection (a) in accordance with section 4(e)(1) of 

6 the Southern Nevada Public Land Management Act of 

7 1998 (112 Stat. 2345). 

8 SEC. 3. WITHDRAWAL OF FEDERAL LAND. 

9 (a) IN GENERAL.—Except as provided in section 2(a) 

10 and subject to valid existing rights, the Federal land is 

11 withdrawn from— 

12 (1) all forms of entry, appropriation, and dis13 posal under the public land laws; 

14 (2) location, entry, and patent under the mining 

15 laws; and 

16 (3) operation of the mineral leasing, mineral 

17 materials, and geothermal leasing laws. 

18 (b) TERM OF WITHDRAWAL.—The withdrawal of the 

19 Federal land under subsection (a) shall be in effect for 

20 the period beginning on the date of enactment of this Act 

21 and ending on the earlier of— 

22 (1) the date that is 2 years after the date of en23 actment of this Act; or 
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1 (2) the date of the completion of the conveyance 

2 of Federal land under section 2(a). 

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