SECTION 1. AUTHORIZATION OF EXCHANGE.
(a) CONVEYANCE.—Notwithstanding the requirements
in the Act entitled ‘‘An Act to Consolidate National Forest
Lands’’, approved March 20, 1922 (16 U.S.C. 485), and
section 206(b) of the Federal Land Policy and Management
Act of 1976 (43 U.S.C. 1716(b)) that Federal and non-Fed-
eral lands exchanged for each other must be located within
the same State, the Secretary of Agriculture may convey
the Federal lands described in section 2(a) in exchange for
the non-Federal lands described in section 2(b) in accord-
ance with the provisions of this Act.
(b) APPLICABILITY OF OTHER PROVISIONS OF LAW.—
Except as otherwise provided in this Act, the land exchange
authorized by this section shall be made under the existing
authorities of the Secretary.
(c) ACCEPTABILITY OF TITLE AND MANNER OF CON-
VEYANCE.—The Secretary shall not carry out the exchange
described in subsection (a) unless the title to the non-Fed-
eral lands to be conveyed to the United States, and the form
and procedures of conveyance, are acceptable to the Sec-
retary.
SEC. 2. DESCRIPTION OF LANDS TO BE EXCHANGED.
(a) FEDERAL LANDS.—The Federal lands referred to
in this Act are located in the Targhee National Forest in
Idaho, are generally depicted on the map entitled ‘‘Targhee
Exchange, Idaho-Wyoming—Proposed, Federal Land’’,
dated September 1994, and are known as the North Fork
Tract.
(b) NON-FEDERAL LANDS.—The non-Federal lands re-
ferred to in this Act are located in the Targhee National
Forest in Wyoming, are generally depicted on the map enti-
tled ‘‘Non-Federal Land, Targhee Exchange, Idaho-Wyo-
ming—Proposed’’, dated September 1994, and are known
as the Squirrel Meadows Tract.
(c) MAPS.—The maps referred to in subsections (a)
and (b) shall be on file and available for inspection in the
office of the Targhee National Forest in Idaho and in the
office of the Chief of the Forest Service.
SEC. 3. EQUALIZATION OF VALUES.
Prior to the exchange authorized by section 1, the val-
ues of the Federal and non-Federal lands to be so exchanged
shall be established by appraisals of fair market value that
shall be subject to approval by the Secretary. The values
either shall be equal or shall be equalized using the following
methods:
(1) ADJUSTMENT OF LANDS.—
(A) PORTION OF FEDERAL LANDS.—If the
Federal lands are greater in value than the non-
Federal lands, the Secretary shall reduce the
acreage of the Federal lands until the values of
the Federal lands closely approximate the values
of the non-Federal lands.
(B) 
ADDITIONAL
FEDERALLY-OWNED
LANDS.—If the non-Federal lands are greater in
value than the Federal lands, the Secretary may
convey additional federally owned lands within
the Targhee National Forest up to an amount
necessary to equalize the values of the non-Fed-
eral lands and the lands to be transferred out of
Federal ownership. However, such additional
federally owned lands shall be limited to those
meeting the criteria for land exchanges specified
in the Targhee National Forest Land and Re-
source Management Plan.
(2) PAYMENT OF MONEY.—The values may be
equalized by the payment of money as provided in
section 206(b) of the Federal Land Policy and Man-
agement Act of 1976 (43 U.S.C. 1716(b)).
SEC. 4. DEFINITIONS.
For purposes of this Act:
(1) The term ‘‘Federal lands’’ means the Federal
lands described in section 2(a).
(2) The term ‘‘non-Federal lands’’ means the
non-Federal lands described in section 2(b).
(3) The term ‘‘Secretary’’ means the Secretary of
Agriculture.
Union Calendar No. 28
104TH CONGRESS
1ST SESSION
H. R. 529
[Report No. 104–55]
A BILL
To authorize the exchange of National Forest Sys-
tem lands in the Targhee National Forest in
Idaho for non-Federal lands within the forest in
Wyoming.
FEBRUARY 27, 1995
Reported with an amendment, committed to the commit-
tee of the Whole House on the State of the Union, and
ordered to be printed