II 

110TH CONGRESS 

1ST SESSION S. 1724 

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 SENATE OF THE UNITED STATES 

JUNE 28, 2007 

Mr. ENSIGN (for himself and Mr. REID) introduced the following bill; which 

was read twice and referred to the Committee on Energy and Natural 

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) FEDERALLAND.—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 45 days after 

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

19 all right, title, and interest in and to the Federal land, 

20 subject to valid existing rights. 

21 (b) APPRAISAL.— 

22 (1) IN GENERAL.—Not later than 120 days 

23 after the date of enactment of this Act, the Sec24 retary shall complete an appraisal of the Federal 

25 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 the Federal Land Disposal Ac6 count established under section 206(a) of the Federal 

7 Land Transaction Facilitation Act (43 U.S.C. 2305(a)). 

8 SEC. 3. WITHDRAWAL OF FEDERAL LAND. 

9 Except as provided in section 2(a) and subject to 

10 valid existing rights, the Federal land is withdrawn 

11 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. 

Æ 


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